Perplexity IPO Closing Market Cap

Traders currently price "No IPO before 2028" at 61% for "Perplexity IPO Closing Market Cap". Over the past 24 hours that probability moved up 0.5 points. Full distribution: No IPO before 2028 61%, 50B–75B 7%, 75B–100B 7%, <20B 6%. The market has traded $147K in total volume and resolves Dec 31, 2027. Perplexity’s CEO Aravind Srinivas reaffirmed in June 2026 that the AI search startup has no plans to go public before 2028, aligning directly with the market’s 61% probability on that outcome and underscoring trader caution around near-term listings. The company’s most recent Series E round in late 2025 valued it at approximately $20 billion, providing a baseline that supports the smaller valuation brackets (under $30 billion) if an IPO eventually occurs, while larger outcomes like $50–75 billion or higher remain less favored absent major growth milestones. Competitive positioning in the large language model and AI search space, alongside peers such as OpenAI and Anthropic preparing their own offerings, has reinforced Perplexity’s deliberate timeline to observe market reception before listing. Traders appear to view the extended runway as reducing near-term resolution risk, with no credible reports of accelerated filings or tender offers shifting sentiment since the announcement.

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