Which companies will officially announce an IPO this year?
Short Answer
1. Market Behavior & Drivers
- Since last update (~40d): Headline model probability for an IPO announcement plummeted -89.9pp, with market probability falling -88.0pp.
- Model-led Shein probability surged +69.4pp (edge compressed); market-led Oura rose +72.0pp (edge widened).
- Anthropic probability, model-led, dropped -18.0pp (edge compressed); Discord fell -15.8pp (edge widened).
- DeepSeek and Bloomberg outcomes were newly added to the market, while Cerebras was removed.
- Anthropic has confidentially filed for a 2026 IPO.
- Mistral AI is widely viewed as a leading 2026 IPO candidate.
- Kraken targets a 2026 IPO, based on regulatory clearance.
Who Wins and Why
| Outcome | Market | Model | Why |
|---|---|---|---|
| OpenAI | 24.0% | 25.7% | OpenAI's rapid expansion and high valuation make a public offering an anticipated event. |
| Anthropic | 70.0% | 71.6% | Anthropic's significant private funding and rapid AI development may precede an IPO. |
| Anduril | 4.0% | 1.4% | Anduril remains a highly-valued private defense technology company. |
| Databricks | 5.0% | 0.8% | As a leader in data and AI, it is a frequently discussed IPO prospect. |
| Kraken | 14.0% | 6.3% | The volatile cryptocurrency market and regulatory uncertainty may delay Kraken's IPO plans. |
Current Context
Sources (7)
- 12026 IPO Pipeline: SpaceX $1.77T, Klarna $15B, Chime $25Bvalueaddvc.com
- 2Tech IPO Calendar 2026: Scheduled Listings, Expected Valuations, and Market Conditions | Value Add VCvalueaddvc.com
- 3Upcoming & Recent IPOs 2026: The IPO vs M&A Decisiondealroom.net
- 4Introducing the IPO Class of 2026 & the Market Impactslpl.com
- 5OpenAI confidentially files its IPO paperwork as it inches closer to stock market debut - SiliconANGLEsiliconangle.com
- 615 Companies That Could Go Public In 2026 As The IPO...news.crunchbase.com
- 7IPO Market 2026: $251B Raised, 86 Deals, and Which Companies Are Still in the Pipeline | Value Add VCvalueaddvc.com
2. Price Chart
Historical Price (Probability)
3. Significant Price Movements
Notable price changes detected in the chart, along with research into what caused each movement.
📉 August 01, 2026: 9.0pp drop
Price decreased from 72.0% to 63.0%
Outcome: Oura
📈 July 30, 2026: 10.0pp spike
Price increased from 63.0% to 73.0%
Outcome: Oura
📈 July 28, 2026: 9.0pp spike
Price increased from 64.0% to 73.0%
Outcome: Oura
📉 July 27, 2026: 9.0pp drop
Price decreased from 73.0% to 64.0%
Outcome: Oura
Sources (10)
- 1ŌURA Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering | Morningstarmorningstar.com
- 2Oura ring maker files confidentially to go public in US as...reuters.com
- 3Oura Files Confidentially for IPO as Smart Ring Sales Surge - Bloombergbloomberg.com
- 4Oura, smart ring maker, files confidentially for IPOcnbc.com
- 5Oura IPO: The Confidential S-1 and the $11B Ring Thesiscurvedtrading.com
- 6Which companies will officially announce an IPO this year?kalshi.com
- 7How the 2026 World Cup shifted sleep, stress, and activity across the globe, according to Oura data | Stackerstacker.com
- 8When will Oura officially announce an IPO? — Odds & Probability | W.E.T.worldeventtrading.com
- 9Exclusive-Shein seeks $30-$40 billion valuation for August Hong Kong IPO, sources say - CNAchannelnewsasia.com
- 10Braveheart Bio IPO targets $1.2bn valuation as HCM drug race heats upbusiness-news-today.com
4. Market Data
Contract Snapshot
This market resolves YES if a listed company, such as Anthropic, Discord, or OpenAI, officially announces an Initial Public Offering (IPO) in 2026. Conversely, a NO resolution occurs if the company does not officially announce an IPO by the market's maximum payout date of December 31, 2026. No further special settlement conditions are detailed beyond the requirement of an official announcement.
Available Contracts
Market options and current pricing
| Outcome bucket | Yes (price) | No (price) | Last trade probability |
|---|---|---|---|
| Shein | $0.86 | $0.19 | 85% |
| Oura | $0.76 | $0.28 | 72% |
| Anthropic | $0.74 | $0.30 | 70% |
| Discord | $0.38 | $0.63 | 39% |
| OpenAI | $0.28 | $0.76 | 24% |
| DeepSeek | $0.14 | $0.92 | 15% |
| Kraken | $0.17 | $0.86 | 14% |
| Gopuff | $0.13 | $0.90 | 11% |
| Applied Intuition | $0.10 | $0.98 | 9% |
| Plaid | $0.08 | $0.93 | 8% |
| Deel | $0.08 | $0.95 | 7% |
| Glean | $0.07 | $0.96 | 7% |
| Mistral AI | $0.07 | $0.97 | 7% |
| Ramp | $0.11 | $0.93 | 7% |
| Rippling | $0.07 | $0.94 | 7% |
| Beast Industries | $0.05 | $0.97 | 6% |
| Ripple Labs | $0.07 | $0.96 | 6% |
| Skims | $0.14 | $0.94 | 6% |
| Stripe | $0.06 | $0.95 | 6% |
| Celonis | $0.05 | $0.97 | 5% |
| Databricks | $0.06 | $0.95 | 5% |
| Anduril | $0.04 | $0.97 | 4% |
| Vanta | $0.05 | $0.98 | 4% |
| Airwallex | $0.04 | $0.97 | 3% |
| Anysphere (Cursor) | $0.04 | $0.98 | 3% |
| Brex | $0.04 | $0.97 | 3% |
| xAI | $0.02 | $0.99 | 1% |
| Bloomberg | $0.11 | $0.95 | 0% |
Market Discussion
Traders on Kalshi are actively predicting the IPO announcements of Anthropic, Discord, and OpenAI this year, reflecting over $2.1 million in trading volume. The market shows a strong consensus for Anthropic to announce an IPO, with a 70% chance, though it has slightly decreased by 2 points. Discord's probability has risen 4 points to 39%, while OpenAI remains a less likely candidate at 24%.
5. Trust Index
Corporate action: boards, bankers, and counsel hold the answer before the announcement
Integrity risk· Information exposure
Includes the cost to trade: a $10,000 order can't be filled here because the order book is too thin.
Weighted blend with hard caps — a critically weak safety pillar, or a severe trading anomaly, caps the total regardless of the rest. Full methodology · About the Trust Index
6. What key market indicators or valuation milestones could trigger an IPO announcement from defense-tech firm Anduril or fintech company Ramp before year-end?
| Anduril IPO Stance | No rush to go public (July 2026) [1][2] |
|---|---|
| Ramp IPO Readiness Goal | IPO ready by end of 2026 [3][4] |
| Ramp IPO Prediction Market Confidence | Approximately 30% for IPO before May 2027 [3][4] |
Sources (5)
- 1Anduril CEO says it's bad to IPO in 'middle of a hype cycle'cnbc.com
- 2Anduril eyes $28B valuation as CEO rules out IPO rushmarketscale.com
- 3Ramp Is Telling Investors It Is About to Hit $1.4 Billion in...businessinsider.com
- 4Ramp IPO Date: No Filing Yet at a $44 Billion Valuationcurvedtrading.com
- 5US Capital Markets Watch - Q2 2026pwc.com
7. What concrete evidence, such as recent funding rounds or executive statements, supports the market consensus that Mistral AI is a leading candidate for a 2026 IPO?
| Rumored Valuation | Approximately €20 billion in mid-2026 [1][2][3][4][5] |
|---|---|
| Debt Financing Round | $830 million in March 2026 [6][7][8] |
| 2026 IPO Status | No concrete evidence for imminent IPO [1][2][3][9][10] |
Sources (10)
- 1Mistral AI IPO: Valuation, Revenue and Europe's Championcurvedtrading.com
- 2Mistral AI IPO Watch 2026 | Presenc AIpresenc.ai
- 3Mistral AI IPO 2026: Valuation, Competitors & How To Investblog.mexc.com
- 4Mistral is rumored to be raising €3B at €20B valuation | TechCrunchtechcrunch.com
- 5France's Mistral in Funding Talks at About €20 Billion...bloomberg.com
- 6Mistral AI - 2026 Funding Rounds & List of Investors - Tracxntracxn.com
- 7LLM developer Mistral AI raises $830M in debt financing to add data center capacity - SiliconANGLEsiliconangle.com
- 8Mistral AI raises $830m in debt financing for data center in Paris, France - DCDdatacenterdynamics.com
- 9Mistral AI CEO denies IPO plans, reaffirms open-source focus against deep-pocketed competition | Fortunefortune.com
- 10French startup Mistral unveils its AI application for the AI race | MarketScreenermarketscreener.com
8. How do crypto exchanges Kraken and Ripple Labs compare in terms of regulatory clearance and financial health, and how do these factors affect their respective IPO timelines?
| Kraken IPO Target | H2 2026 [1] |
|---|---|
| Ripple Labs IPO Status | No immediate plans [2] |
| Kraken 2025 Adjusted Revenue | $2.2 billion [3] |
Sources (15)
- 1Kraken IPO 2026: S-1 Filing, $13.3B Valuation & Why the Crypto Exchange Keeps Almost Going Public | Value Add VCvalueaddvc.com
- 2Ripple Labs Prioritizes Business Expansion Over Public...crowdfundinsider.com
- 3Investor Update: Payward, Inc. / Kraken -tickertapeinvestments.com
- 4CF Benchmarks Newsletter - Issue 69 - CFBcfbenchmarks.com
- 5SEC edges closer to key approvals - CFBcfbenchmarks.com
- 6Kraken revenue tops $507m as derivatives surge in… | STnewsstnews.live
- 7How Kraken is regulated | Krakenkraken.com
- 8Crypto exchange Kraken is trying to become a bank in Europecoindesk.com
- 9Ripple Rules Out IPO After $500M Round, Keeps Private Still.bitnewsbot.com
- 10Kraken Exchange Report | CoinGeckocoingecko.com
- 11Kraken Exchange Revenue Triples as IPO Plans Advance - Blockchain.Newsblockchain.news
- 12Ripple Stays Private, Surprising Crypto Investorscointribune.com
- 13Ripple IPO 2026: Valuation, Timeline & XRP Impactcryptofox.news
- 14REX-Osprey debuts first US spot XRP ETF, powered by CF Benchmarks - CFBcfbenchmarks.com
- 15Where Next for the CLARITY Act After a Week That Left it On the Brink? - CFBcfbenchmarks.com
9. What secondary market trading data from H1 2026 is available for Databricks and Vanta, and what does it indicate about their current private valuations?
| Databricks H1 2026 Secondary Share Price | $210 to $242 per share [1] |
|---|---|
| Databricks H1 2026 Implied Valuation | $155B–$170B [1] |
| Vanta Mid-2026 Secondary Share Price | near $19.50 [2] |
Sources (8)
- 1Databricks Clears Above the Next Round: June 2026 · Neodropneodrop.ai
- 2Sell or Invest in Vanta Stock Pre-IPOnasdaqprivatemarket.com
- 3How to Buy Databricks Stock Pre-IPO: Forge, Hiive, EquityZen, and SPV Access Explainedaltstreet.investments
- 4https://www.hustlefund.vc/post/angel-squad-databricks-pre-ipo-shares-what-accredited-investors-should-know-in-2026hustlefund.vc
- 57 Best Recent and Upcoming IPOs in 2026 | Investingmoney.usnews.com
- 6Vanta Stock Price, Valuation & Newsstockanalysis.com
- 7Vanta Stock | Invest or Sellhiive.com
- 8Introducing the IPO Class of 2026 & the Market Impactslpl.com
10. What competitive pressures or potential M&A opportunities could cause Deel or Celonis to delay a 2026 IPO in favor of a private sale?
| Deel Status | Private company as of August 4, 2026 [1] |
|---|---|
| Celonis IPO Candidacy | Considered a 2026 IPO candidate [2] |
| Private Equity Investment in Software Sector | Roughly 20-25% of private equity [3] |
Sources (10)
- 1Deel IPO: Valuation, Revenue and the Filing Questioncurvedtrading.com
- 2Celonis IPO before 2027? — 10% Odds | OddsShiftoddsshift.com
- 3AI, SaaS and the Next Private Markets Shakeoutyoutube.com
- 4Deel IPO 2026: $17.3B Valuation, S-1 Filed Feb 15 — Full Investor Guide | TechStackIPOtechstackipo.com
- 5Anthropic IPO by __? Predictions & Odds 2026 | Polymarketpolymarket.copilot.markets
- 6When will OpenAI officially announce an IPO? | Prediction Markets | Coinbasecoinbase.com
- 7Anthropic IPO Announcement by Aug 2026 Odds | Kalshi & Polymarketpredictmarketcap.com
- 8Bank Earnings Just Gave the Market a Much Needed Confidence Boost | The Weekly Wrapyoutube.com
- 9Why AI Has Made Venture Capital Harder (Not Easier)youtube.com
- 10Deel maintains 2022 valuation, eyes 2026 IPOaxios.com
11. What Could Change the Odds
Key Catalysts
Key Dates & Catalysts
- Expiration: January 08, 2027
- Closes: January 01, 2027
Sources (8)
- 1Introducing the IPO Class of 2026 & the Market Impactslpl.com
- 2US Capital Markets Watch - Q2 2026pwc.com
- 3EY Global IPO Trends Q2 2026ey.com
- 4EY Global IPO Trends Q2 2026 | EY - Irelandey.com
- 5Exclusive-Shein seeks $30-$40 billion valuation for August Hong Kong IPO, sources say - CNAchannelnewsasia.com
- 6Shein Seeks $30 Billion to $40 Billion Valuation for August IPO, Sources Say | BoFbusinessoffashion.com
- 7August Rush: Over 2 dozen companies plan Street debut next month - The Economic Timeseconomictimes.indiatimes.com
- 8Why the 2026 IPO boom is about to broaden beyond AI mega-deals | Fortunefortune.com
13. Related News
SpaceX IPO Filing Lifts Odds for Databricks, Other Tech Listings
The formal IPO filing by SpaceX on Wednesday, June 03, 2026, appears to have catalyzed a significant repricing in prediction markets for other major technology listings, boosting the implied odds for ...
Anduril's IPO Probability Plummets: A Tech Giant Faces Investor Reality Checks Amid Mixed 2026 IPO Landscape
The prediction market for Anduril’s IPO prospects in 2026 has undergone a seismic shift. Over a 7-day period, its probability of announcing an IPO plunged from 46% to 19% (a 27-point decline) [1], loc...
14. Historical Resolutions
Historical Resolutions: 2 markets in this series
Outcomes: 2 resolved YES, 0 resolved NO
Recent resolutions:
- KXIPO-26-JERS: YES (Jul 30, 2026)
- KXIPO-26-SPACEX: YES (Jun 15, 2026)