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News  ›  Benzinga

Who's Going Public Next? Kalshi Bets Drop US IPO Clues Before 2027— And It's Not Just SpaceX Or OpenAI

Benzinga Logo Benzinga By Eva Mathew
Who's Going Public Next? Kalshi Bets Drop US IPO Clues Before 2027— And It's Not Just SpaceX Or OpenAI

Prediction market data from Kalshi reveals which private companies are most likely to go public before 2027. Kraken leads with an 83% probability of IPO, followed by Cerebras Systems (77%), Databricks (70%), and Discord (70%). Other contenders include Plaid (49%), Anduril (46%), and Skims (46%). The IPO market is expected to gain momentum in 2026 following a slowdown caused by policy uncertainty and government disruptions in 2025.

Insights
PLDIF   neutral

49% IPO probability indicates moderate likelihood compared to higher-probability candidates