SimpleFunctions

No IPO before 2028 · Perplexity IPO Closing Market Cap

No IPO before 2028 is priced at 43¢ on Polymarket. Current book: 39¢ bid, 47¢ ask, 8¢ spread. This outcome ranks #1 of 8 inside Perplexity IPO Closing Market Cap.

Price history

43¢ current

12¢
25¢50¢
Apr 23, 2026May 23, 2026

Contract brief

This market will resolve based on Perplexity's market capitalization at the closing price on its first day of trading. If no Perplexity IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to "No IPO before 2028". Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day. If the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket. Resolution will be based on the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used. In the event of an interruption in the course of the normal trading session on Perplexity’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that as the first day of trading for purposes of this market.

Outcome

No IPO before 2028

Rank

#1 of 8

Leader

No IPO before 2028 43¢

Range

4¢-43¢

Family volume

$140K

Identifier

0x1f3741c4...9aa6

May 23, 2026, 1:08 PM UTC · 12m ago

Implied probability

43¢
Latest venue quote
May 23, 2026, 1:08 PM UTC · 12m ago

Bid

39¢

Ask

47¢

Spread

Reported volume

$107K

Family rank

#1 of 8

8 outcomes · Perplexity IPO Closing Market Cap

Closes

Dec 31, 2027

Family volume

$140K

Orderbook snapshot

39 / 47¢

Polymarket
8¢ spread
BidSize
39¢75
11¢8
10¢8
9¢30
8¢91
6¢20
5¢98
4¢141
AskSize
47¢136
50¢568
59¢366
61¢30
62¢5
65¢45
73¢50
74¢50

Contract terms

What resolves this market.

YES condition

This market will resolve based on Perplexity's market capitalization at the closing price on its first day of trading. If no Perplexity IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to "No IPO before 2028". Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day. If the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket. Resolution will be based on the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used. In the event of an interruption in the course of the normal trading session on Perplexity’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that as the first day of trading for purposes of this market.

Venue

Polymarket

Closes

Dec 31, 2027

Identifier

0x1f3741c4…9aa6

SF Signal
SF Index
82.50
Regime
neutral

Indicators

Yield, cliff risk, volatility, and regime.

IY (Yes)

82.5%

IY (No)

47.0%

Adj IY

83%

CRI

1

RV

1353%

VR

13.74

Regime

neutral

Score

0.409

Observability

medium

Event type

financial

Full indicator table

82.5%
47.0%
Adj IY
83%
1
RV
1353%
VR
13.74
IAR
2.5/h
Overround
-0.1%

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How we compute these odds

SimpleFunctions aggregates live prediction-market contracts from Kalshi and Polymarket. Each slug groups contracts that resolve on the same underlying event, identified by venue event_id.

For binary slugs, the headline probability is the liquidity-weighted mid-price across all bound contracts. For multi-outcome slugs (e.g. elections with 3+ candidates), the headline is the leader’s price; we never arithmetically average disjoint outcomes — that would produce a number with no real-world meaning.

Snapshots refresh every 5 minutes during market hours; daily aggregates are computed at 04:00 UTC. The 30-day sparkline is drawn from per-ticker daily means stored in market_indicator_daily; 24h delta and movement events are derived from the same source.