Frequently asked questions
What is IPO Prophet® ?
IPO Prophet® is a real-time signaling platform designed by hedge fund veterans to give traders an edge in U.S. IPOs. Using institutional-grade data and proprietary algorithms, we deliver actionable, day-of-issuance signals that help you know which IPOs to pursue—and which to avoid. Alongside live signals, IPO Prophet® provides comprehensive IPO ratings, in-depth research, and institutional-level insights, making it an essential tool for both beginners and seasoned professionals.
Is there a free trial?
Yes. We offer a 30-day free trial on all plans. Our Pro Subscription has a 30-day free trial with 15-minute delayed market data.
What are the different Subscription Levels?
We offer three subscription tiers designed to fit your level of trading experience and need for insight:
Lite – $29/month
- IPO Calendar
- IPO Pricing Information
- IPO Prophet® Ratings
- IPO Research Write-Ups
- Exclusive Articles & Educational Content
Edge – $79/month
Everything in Lite, plus:
- Post-Open Market Sentiment Signals delivered via text or email LIVE on IPO day
Pro – $1,199/month
Everything in Edge, plus:
- Institutional-Grade Quantitative Signals
- Expert Intelligence Platform Access
- Portfolio & Trade-Level Analytics
- Custom Alerts & Notifications
- CSV Downloads
- Back-testing Tools
- Team Collaboration Features
- Priority Support
What is the IPO Prophet® Rating System and How does it work?
How we quantify risk and reward in new listings - and help you make smarter IPO decisions.
In today's fast moving equity capital markets, the number of companies going public is rising - but not all IPOs are created equal. While some names soar on Day One and deliver long-term alpha, others stumble out of the gate and never recover. At IPO Prophet®, we believe that Institutional-grade IPO research shouldn't be reserved for insiders. That's why we developed the IPO Prophet® Rating System. - a quantitative and qualitative framework that analyzes and scores IPOs on a 1-10 scale based on five critical institutional factors.
Every IPO we cover is assigned a proprietary IPO Prophet® Rating, ranging from 1 (Strong Avoid) to 10 (Strong Bull). This score reflects our assessment of the deal’s institutional quality, scarcity dynamics, timing, fundamentals, and sentiment — all the factors that drive price action during and after the IPO process.
Our system evaluates each IPO across five weighted categories:
Category:
🏦 Deal Quality & Underwriters 25%
💧 Float Dynamics & Scarcity 20%
📈 Sector & Timing 20%
📊 Financials & Growth Profile 20%
🧠 Sentiment & Pre-Open Signals 15%
What We Measure:
Who’s running the deal? Are top-tier banks involved? Does the syndicate have a strong IPO track record?
How much of the company is being sold? Are insiders locked up? Is there structural scarcity or dilution risk?
Is the sector in favor? Does the market window support IPO performance? How does macro sentiment affect this deal?
Revenue growth, gross margin, profitability, unit economics — do the numbers justify the valuation?
What are we hearing from institutional desks? How is the order book building? Are there anchor investors or buzz?
Each IPO is then scored from 1–10, with color-coded tag ratings based on our research.
📌 Rating Interpretation:
Rating
8.4-10
7.5–8.3
5.1–7.4
3.1–5.0
1.0–3.0
Recommendation
🐂 Strong Bull — High-conviction deal
✅ Bull — Favorable setup with good risk/reward
⚖️ Constructive — Mixed signals, proceed with caution
🚧 Avoid — Structural or market-driven red flags
🐻 Strong Avoid — Likely under-performer or problematic deal
⚖️ Tier Logic:
- Tier 1 (8.4–10): Institutional-quality setups with strong underwriters, clear profitability or visibility, and sector timing advantage.
- Tier 2 (7.5–8.3): Solid infrastructure or tech plays with strong elements, but some concern (valuation, losses, or sentiment).
- Tier 3 (<7.5): Uncertain financials, regulatory headwinds, or crowded space—requires careful due diligence or skip entirely.
What are IPO Prophet® Signals?
IPO Prophet's® Edge & Professional Subscriptions receive delivery of LIVE Proprietary signals on the Platform and via Text or Email. Our Edge Version users receive Proprietary Market Sentiment Signals once an IPO is open for trading and updates throughout the remainder of IPO Issuance Day when the Prophet has a Market Sentiment change on an IPO. Our Professional Version receives Proprietary Quantitative Signals on Issuance Day, before and after an IPO begins trading.
Market Sentiment Signals for Edge Users:
-Bullish Sentiment IPO set-up is strong and has potential to move higher.
-Neutral Sentiment IPO set-up not as strong, does not have as much potential to move higher.
-Bearish Sentiment IPO set-up is weak, be cautious.
The Market Sentiment can change throughout issuance day. Text and Email updates are sent when sentiment signal changes occur.
Quantitative Signals are for Professional Users:
-Bull Signal BEFORE an IPO is open with Price & Time. Proprietary Quantitative Signaling.
-Bear 1 Signal with Price & Time. Proprietary Quantitative Signaling.
-Bear 2 Signal with Price & Time. Proprietary Quantitative Signaling.
These are live quantitative signals with a price and time-stamp, delivered on the Platform & via Text and Email throughout issuance day.
How do IPO Prophet® Signals Work?
Our platform tracks live market data and pre-IPO dynamics to identify high-conviction setups. We analyze pricing trends, order book sentiment, institutional demand, historical comps, and search tor momentum. Signals are generated from models built on over 30 years of IPO trading experience and delivered live on issuance day.
How are Signals delivered?
- Lite: Web-based access to dashboard and research + Text and Email notifications on IPO Pricings.
- Edge: Web-based access to dashboard and research + Live Sentiment Signals delivered via Text and Email notifications on Issuance Day.
- Pro: Web-based Expert Platform access with real-time signals, analytics, modeling, and exports + Text and Email delivery notifications.
How do I receive Notifications?
In the top right corner of the Dashboard, go to Profile. In your Account Profile, go to Personal Information and click on edit. Check the SMS box and enter your phone number to receive Text Messages. Click on the Email box if you would like to receive email notifications.
Who is IPO Prophet® for?
IPO Prophet® is designed for:
- Traders looking for a data edge
- Professional investors trading IPOs regularly
- Hedge funds and family offices seeking alpha in event-driven strategies
- Investment Banks
- Private Equity Funds
- Venture Capital Funds
Do I need to sign a Market Data Agreement?
*Market Data is required for the Pro version. Live market data is included with your subscription.
During signup, you’ll be asked to certify whether you are a Professional or Non-Professional Market Data User, per exchange rules.
Note: There is no difference in price between Professional and Non-Professional subscribers.
**The Lite & Edge versions do not require a live market data subscription.
What is inside IPO Prophet's® coverage universe?
IPO Prophet® covers:
- Conventionally priced IPOs
- Listed on NASDAQ or NYSE
- Offering size over $100 million
We exclude SPACs, direct listings, and other non-conventional priced IPOs
How do I Cancel my Subscription?
You can pause or cancel monthly subscriptions at any time in your account profile under billing and subscriptions. Plans are non-refundable.