Perplexity CEO Aravind Srinivas reaffirmed in June 2026 that the AI search company remains committed to a 2028 IPO timeline, independent of filings by OpenAI and Anthropic, which has anchored trader consensus on “No IPO before 2028” at 64 percent implied probability. This deliberate pace allows Perplexity to observe larger artificial intelligence listings, extend its private runway, and demonstrate sustained growth in its large language model-powered answer engine before public market scrutiny. Recent funding rounds have lifted private valuation to the $20–30 billion range amid rising annualized revenue above $750 million and expansions in agentic tools such as its Computer feature. Ongoing copyright litigation and product launches have not altered the stated schedule, leaving specific post-2027 market-cap brackets in single-digit probabilities due to uncertainty over eventual pricing and market conditions.