The IPO by 2027 board is a per-company field, not a single race. Each name carries its own Yes line on whether that company officially announces an initial public offering before the window closes, so the prices do not sum to 100. Roughly two dozen private giants sit on the board, from late-stage AI labs to fintech and crypto infrastructure, trading across more than $2.3M in cumulative volume. The live board above ranks the current cross-platform prices on every company; the market resolves January 1, 2027.
The IPO by 2027 market is one of the cleanest reads on which private companies the market expects to go public. It is not a winner-take-all contest. Every company on the board is its own independent Yes contract, priced on the odds that this specific name announces an IPO before the window closes. A trader can be long several of them at once, and the prices across the field do not add up to 100. The board mixes the most valuable private AI labs in the world with mature fintech, crypto, and enterprise-software names that have been IPO candidates for years.
Anthropic sits at the top of the IPO by 2027 board, priced well above every other name on Kalshi. The AI lab has raised at valuations that put it firmly in the cohort of companies the public market wants, and traders are pricing a near-term filing as the most likely outcome on the board. Discord follows as the second name, a long-rumored IPO candidate whose path to the public market has been speculated about for years. These two carry the highest implied probabilities in the field, but neither is a lock, and a filing announcement is a discrete event that either happens inside the window or it does not.
OpenAI is the one company on the board with a market on both Kalshi and Polymarket, which makes it the most useful line for comparing where the two platforms disagree. As the most-watched private company in technology, OpenAI's IPO timing is a genuine open question: enormous revenue and an enormous cash burn, an unusual capped-profit corporate structure, and no public signal of an imminent filing. The cross-platform spread on OpenAI is the cleanest tell on the whole board, and it is the line to watch for any convergence as 2027 approaches. The dedicated OpenAI IPO 2027 odds market tracks that single name in more depth.
Below the leaders sits a long tail of names that have been called IPO candidates for years without pulling the trigger. Stripe is the canonical example, a fintech valued among the highest private companies in the world that has repeatedly chosen to stay private. Databricks, the data-and-AI platform, sits in the same bucket. Kraken and Ripple Labs represent the crypto-infrastructure wing of the board, whose IPO odds move with the regulatory weather as much as with their own financials. Shein, Plaid, Rippling, Ramp, and Deel round out a fintech-heavy lower tier, while names like xAI, Anysphere (Cursor), and Mistral AI sit at the bottom as longer-dated AI sleepers. The live board above ranks every one of these by current price.
Each company's contract resolves to Yes if that company officially announces an initial public offering before the resolution date of January 1, 2027, and No otherwise. The resolution source is the official filing or announcement (typically an S-1 registration with the SEC or a direct public listing announcement), not press speculation or a confidential draft submission. Because every company is a separate binary, one name resolving Yes has no effect on the others. A company that files inside the window pays out on its own line regardless of what the rest of the field does.
For the single most-watched name on the board, see the dedicated OpenAI IPO 2027 odds market. To track how these private giants stack up by valuation rather than listing timing, the most valuable company 2026 market covers the public-market leaderboard. Browse the full slate of finance prediction markets for more corporate, rates, and markets coverage, or read more curation from the Genius Staff desk.
Each company contract resolves to Yes if that specific company officially announces an initial public offering before January 1, 2027, and to No otherwise. The source of truth is the official filing or listing announcement, typically an S-1 registration statement filed with the SEC or a direct-listing announcement, not press speculation or a confidential draft submission. Every company on the board is an independent binary, so one name resolving Yes does not affect any other line. Each Yes share pays $1 if that company announces an IPO inside the window and $0 if it does not. If a company is acquired or otherwise ceases to be a viable IPO candidate before the date, its contract resolves No per platform-specific rules.
The IPO by 2027 board is a per-company field where each name has its own Yes line that does not sum to 100. Anthropic and Discord lead the roughly two-dozen-company board, with OpenAI the only name trading on both Kalshi and Polymarket. See the live board above for current cross-platform prices.
Each company contract resolves on January 1, 2027. A line resolves Yes if that company officially announces an IPO before the date, based on an official S-1 filing or listing announcement, and No otherwise.
Most company lines trade on Kalshi. OpenAI is the one name with markets on both Kalshi and Polymarket, making it the only company on the board with a true cross-platform spread to compare.
Anthropic carries the highest implied probability on the board, trading well above the rest of the field on Kalshi, with Discord the second-most-likely name. Because every line is independent, multiple companies can resolve Yes.
Watch the broader IPO listing window, new Anthropic and OpenAI funding rounds, crypto regulatory developments for Kraken and Ripple Labs, and any S-1 filing, which resolves a company's line to Yes immediately and pulls comparable names higher.