Will Perplexity’s market cap be between $50B and $75B at market close on IPO day?

1. 1

   Up 2pp over 24h

   Now 21¢; +1.8pp in the last hour.

2. 2

   Resolution-risk signal firing

   Expires in 14744h with open resolution ambiguity.

3. 3

   Wide spread — 25.2¢

   Bid-ask spread is wide enough that intraday moves overstate any tradeable edge. Most of the headline pp move would be eaten by spread on a market order.

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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.