TOTAL VOLUME:

$142.4b

24H VOL:

$104,871,197

24H TRANSACTIONS:

2,643,541,936

OPEN INTEREST:

$1,592,701,755

469,827

Markets across

35,657

events

MATCHED EVENTS:

2,899

PLATFORM COVERAGE:

5

Polymarket:

38%

VS.

Kalshi:

62%

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Discord IPO Closing Market Cap
polymarket

What will Discord's market cap be at IPO closing?

Jun 26, 2026, 5:57 PM EST - Dec 31, 2027, 11:59 PM EST
Total volume:
$152,891
Volume 24h:
$477
68%
Liquidity:
$27,056
1%
Open interest:
$11,782N/A

No IPO by December 31, 2027

 - Polymarket

No IPO by December 31, 2027 - Polymarket

1W

News

Positive

Negative

Neutral

Hover marker for details

Vol.

·

Resolves Jan 1, 2028

Will Discord not IPO by December 31, 2027?

60%chance
Amount

$

Trade on
polymarket

Trade on Polymarket

At 60.4¢ buys you 166 shares | Odds: 60% Total Payout: $166 | Net Profit: $66 Multiplier: 1.66x | ROI: 66% | APY: 51% 443 days to resolution
You will be redirected to the platform to complete this trade.
Outcome
Trade
Chance %
Price
Spread
Liquidity
Volume
24h
7d
Open Interest
Ends in
Result
polymarket

No IPO by December 31, 2027

Trade
60%
1%
Yes 60.4¢No 40.5¢
0.9¢
$4,958
$65,190
0.06%
45%
N/A
1y 2mo 2w
active
polymarket

11–14B

Trade
9%
Yes 9.7¢No 90.8¢
0.5¢
$3,141
$24,495
0%
30%
N/A
1y 2mo 2w
active
polymarket

<5B

Trade
6%
Yes 6.3¢No 94.7¢
1¢
$5,600
$18,717
2%
7%
N/A
1y 2mo 2w
active
polymarket

8–11B

Trade
5%
2%
Yes 6.4¢No 96.5¢
2.9¢
$3,088
$22,325
0.17%
15%
N/A
1y 2mo 2w
active
polymarket

14–17B

Trade
5%
Yes 8.6¢No 99.1¢
7.7¢
$1,578
$4,697
0%
4%
N/A
1y 2mo 2w
active
polymarket

20B+

Trade
3%
Yes 5¢No 98.3¢
3.3¢
$2,310
$5,826
0%
3%
N/A
1y 2mo 2w
active
polymarket

5–8B

Trade
2%
Yes 3.4¢No 99.6¢
3¢
$3,256
$5,628
0%
3%
N/A
1y 2mo 2w
active
polymarket

17–20B

Trade
2%
Yes 3.2¢No 99.6¢
2.8¢
$3,123
$6,012
0%
2%
N/A
1y 2mo 2w
active
Total markets: 8

Description

This market will resolve based on Discord's market capitalization at the closing price on its first day of trading. If no such IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to "No IPO before September 2026". 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.

Polymarket

This market will resolve based on Discord's market capitalization at the closing price on its first day of trading. If no such IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to "No IPO before September 2026". 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.

Frequently asked questions

On Polymarket, the dashboard for the Discord IPO market tracks the current odds of the IPO occurring by a specific date, along with the price history of the market. You’ll also find the 24-hour trading volume, which currently stands at $77, and the total volume traded to date, reaching $152,891. This allows traders to monitor market sentiment and activity related to a potential Discord initial public offering. The dashboard provides a real-time view of how traders are assessing the likelihood of this event.

Currently, the prevailing sentiment in this market suggests a roughly even split in expectations regarding a Discord IPO by the resolution date. This contrasts with some analyst forecasts, which lean towards a later IPO or even a continued period of private operation. However, it's important to note that analyst predictions often focus on financial modeling and company strategy, while this market reflects the collective wisdom of traders responding to a wider range of information and potential catalysts. The market's price represents a probabilistic assessment of the event occurring.

On Polymarket, this market is priced through a continuous auction mechanism where traders buy and sell shares representing their belief in the outcome. The price of a share directly reflects the probability of the IPO occurring by the resolution date. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. As more traders participate, the price adjusts to reflect the aggregated sentiment. Currently, the top outcome, 'Will Discord not IPO by December 31, 2027?', has a chance percentage of 60.0%, indicating a significant portion of traders believe a 2027 IPO is unlikely.

This market resolves around Jan 1, 2028, with the outcome confirmed once the event is verifiable from credible public reporting. Resolution will depend on whether Discord completes an initial public offering of its stock before the specified date. The outcome will be determined by a widely recognized and publicly available source confirming the IPO’s completion or lack thereof. The market will then settle based on whether the IPO occurred by the resolution date, providing a clear and objective result based on real-world events.

Several signals could significantly impact this market. Official announcements from Discord regarding IPO plans, changes in the company’s financial performance, or shifts in the overall market conditions for technology IPOs would all be major catalysts. News regarding potential acquisitions of Discord, or major strategic partnerships, could also influence trader sentiment. Furthermore, broader economic factors, such as interest rate changes or a recession, could affect the likelihood of an IPO, leading to shifts in the price of this market as traders react to new information.