Perplexity IPO Closing Market Cap

Traders currently price "No IPO before 2028" at 65% for "Perplexity IPO Closing Market Cap". Over the past 24 hours that probability moved up 1.5 points. Full distribution: No IPO before 2028 65%, 50B–75B 8%, 75B–100B 7%, <20B 6%. The market has traded $147K in total volume and resolves Dec 31, 2027. CEO Aravind Srinivas's June 2026 confirmation that Perplexity plans its IPO in 2028 regardless of OpenAI and Anthropic listings has anchored trader consensus, driving the 62.5% implied probability on no IPO before 2028. The AI search startup's latest private valuation of roughly $20 billion following its 2025 funding round, combined with accelerating revenue growth toward hundreds of millions in annualized run rate, supports measured expectations for a later public debut at a potentially higher multiple. Upcoming peer listings and continued large language model advancements could influence sentiment, yet the explicit timeline and absence of earlier signals keep nearer-term market-cap outcomes at single-digit probabilities.

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