Discord’s confidential January 2026 SEC filing with Goldman Sachs and JPMorgan has not produced a public S-1 or 2026 listing, shifting the base case for an IPO into 2027 and driving the 51% market-implied probability of no debut by December 31, 2027. Secondary-market valuations on Forge Global have stabilized near $8.5 billion as of mid-2026, well below the 2021 $15 billion peak, reflecting compressed consumer-tech multiples amid a 2026 IPO pipeline favoring AI and infrastructure names. With roughly 200 million monthly active users and annualized recurring revenue in the $600–900 million range, the 8–11 billion closing-market-cap bracket leads other positive outcomes at 7.8% as traders price in conservative pricing and limited first-day pops. Key near-term catalysts include any public filing or improved equity sentiment for non-AI consumer platforms.
Tóm tắt AI thử nghiệm tham chiếu dữ liệu Polymarket. Đây không phải tư vấn giao dịch và không ảnh hưởng đến cách thị trường này được giải quyết. · Cập nhậtNo IPO by December 31, 2027 51.0%
11–14B 7.8%
8–11B 6.8%
14–17B 5.8%
$94,424 KL.
$94,424 KL.
<5B
2%
5–8B
2%
8–11B
7%
11–14B
8%
14–17B
6%
17–20B
4%
20B+
5%
No IPO by December 31, 2027
51%
No IPO by December 31, 2027 51.0%
11–14B 7.8%
8–11B 6.8%
14–17B 5.8%
$94,424 KL.
$94,424 KL.
<5B
2%
5–8B
2%
8–11B
7%
11–14B
8%
14–17B
6%
17–20B
4%
20B+
5%
No IPO by December 31, 2027
51%
If no such IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to "No IPO by December 31, 2027".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.
Thị trường mở: Jun 26, 2026, 5:50 PM ET
Người giải quyết
0x69c47De9D...If no such IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to "No IPO by December 31, 2027".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.
Người giải quyết
0x69c47De9D...Discord’s confidential January 2026 SEC filing with Goldman Sachs and JPMorgan has not produced a public S-1 or 2026 listing, shifting the base case for an IPO into 2027 and driving the 51% market-implied probability of no debut by December 31, 2027. Secondary-market valuations on Forge Global have stabilized near $8.5 billion as of mid-2026, well below the 2021 $15 billion peak, reflecting compressed consumer-tech multiples amid a 2026 IPO pipeline favoring AI and infrastructure names. With roughly 200 million monthly active users and annualized recurring revenue in the $600–900 million range, the 8–11 billion closing-market-cap bracket leads other positive outcomes at 7.8% as traders price in conservative pricing and limited first-day pops. Key near-term catalysts include any public filing or improved equity sentiment for non-AI consumer platforms.
Tóm tắt AI thử nghiệm tham chiếu dữ liệu Polymarket. Đây không phải tư vấn giao dịch và không ảnh hưởng đến cách thị trường này được giải quyết. · Cập nhật



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