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Tech·IPOs

Perplexity IPO Closing Market Cap

Market icon
Tech·IPOs

Perplexity IPO Closing Market Cap

No IPO before 2028 49%

40B–50B 16.8%

50B–75B 7.8%

100B+ 4.5%

Polymarket

$124,358 Vol.

No IPO before 2028 49%

40B–50B 16.8%

50B–75B 7.8%

100B+ 4.5%

Polymarket

$124,358 Vol.

<20B

$4,385 Vol.

3%

20B–30B

$5,711 Vol.

3%

30B–40B

$0 Vol.

4%

40B–50B

$0 Vol.

24%

50B–75B

$6,171 Vol.

25%

75B–100B

$3,177 Vol.

3%

100B+

$0 Vol.

4%

No IPO before 2028

$104,914 Vol.

49%

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.Trader consensus on Polymarket implies a 47.5% probability for no Perplexity IPO before 2028, reflecting the AI search engine's focus on private scaling without S-1 filings or public announcements, even after recent Series E funding at a $20–21 billion valuation on $200 million ARR by late 2025. The March 2026 launch of "Computer"—a multi-model orchestration platform routing across 19 large language models (LLMs) like Claude Opus, Gemini, GPT-5.x, and Grok for agentic workflows with 400+ app integrations—drives enterprise subscriptions targeting $656 million revenue in 2026, following a pivot from low-yield ads. Mid-tier outcomes (50B–75B at 24.5%, 40B–50B at 23.1%) price in potential IPO premiums from fragmentation bets, amid risks of model providers commoditizing routing layers.

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.
Volume
$124,358
End Date
Dec 31, 2027
Market Opened
Jan 5, 2026, 6:06 PM ET

Resolver

0x2F5e3684c...
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.
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.Trader consensus on Polymarket implies a 47.5% probability for no Perplexity IPO before 2028, reflecting the AI search engine's focus on private scaling without S-1 filings or public announcements, even after recent Series E funding at a $20–21 billion valuation on $200 million ARR by late 2025. The March 2026 launch of "Computer"—a multi-model orchestration platform routing across 19 large language models (LLMs) like Claude Opus, Gemini, GPT-5.x, and Grok for agentic workflows with 400+ app integrations—drives enterprise subscriptions targeting $656 million revenue in 2026, following a pivot from low-yield ads. Mid-tier outcomes (50B–75B at 24.5%, 40B–50B at 23.1%) price in potential IPO premiums from fragmentation bets, amid risks of model providers commoditizing routing layers.

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.
Volume
$124,358
End Date
Dec 31, 2027
Market Opened
Jan 5, 2026, 6:06 PM ET

Resolver

0x2F5e3684c...
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.

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Frequently Asked Questions

"Perplexity IPO Closing Market Cap" is a prediction market on Polymarket with 8 possible outcomes where traders buy and sell shares based on what they believe will happen. The current leading outcome is "No IPO before 2028" at 49%, followed by "50B–75B" at 25%. Prices reflect real-time crowd-sourced probabilities. For example, a share priced at 49¢ implies that the market collectively assigns a 49% chance to that outcome. These odds shift continuously as traders react to new developments and information. Shares in the correct outcome are redeemable for $1 each upon market resolution.

As of today, "Perplexity IPO Closing Market Cap" has generated $124.4K in total trading volume since the market launched on Jan 5, 2026. This level of trading activity reflects strong engagement from the Polymarket community and helps ensure that the current odds are informed by a deep pool of market participants. You can track live price movements and trade on any outcome directly on this page.

To trade on "Perplexity IPO Closing Market Cap," browse the 8 available outcomes listed on this page. Each outcome displays a current price representing the market's implied probability. To take a position, select the outcome you believe is most likely, choose "Yes" to trade in favor of it or "No" to trade against it, enter your amount, and click "Trade." If your chosen outcome is correct when the market resolves, your "Yes" shares pay out $1 each. If it's incorrect, they pay out $0. You can also sell your shares at any time before resolution if you want to lock in a profit or cut a loss.

The current frontrunner for "Perplexity IPO Closing Market Cap" is "No IPO before 2028" at 49%, meaning the market assigns a 49% chance to that outcome. The next closest outcome is "50B–75B" at 25%. These odds update in real-time as traders buy and sell shares, so they reflect the latest collective view of what's most likely to happen. Check back frequently or bookmark this page to follow how the odds shift as new information emerges.

The resolution rules for "Perplexity IPO Closing Market Cap" define exactly what needs to happen for each outcome to be declared a winner — including the official data sources used to determine the result. You can review the complete resolution criteria in the "Rules" section on this page above the comments. We recommend reading the rules carefully before trading, as they specify the precise conditions, edge cases, and sources that govern how this market is settled.