How Bradshaw uses the term
A company's first priced round has no step-up. Rounds that follow a share split are excluded, because a price per share before and after a split cannot be compared. A step-up below one means the round was priced below the one before it.
In the data
- Among 360 priced rounds since 1 Jan 2024 that were priced above the company's previous round, the median step-up in price per share was 1.54x. Data to 28 Oct 2026. How much does the share price rise between UK funding rounds?
Read more
- The rule: Step-ups, on the method page.
- Related post: How much does the share price rise between UK funding rounds?
- All terms