Largest IPO by market cap in 2026?

根據「Largest IPO by market cap in 2026?」的最新預測市場資料，交易者已形成強烈共識。

目前，SpaceX 以壓倒性的 88% 獲勝機率主導市場；Anthropic 以 10.7% 位居第二，OpenAI 以 2.3% 排名第三。該市場的下注量已達 $2.4M，反映出市場的高度關注。

為了更好地評估各潛在結果的位置，可依據隱含機率與合約定價將市場劃分為三個明顯的交易梯隊：

🥇 第一梯隊：絕對領跑者

• SpaceX (88%)：SpaceX 目前擁有最高機率，深受訂單簿青睞。看好該結果的交易者面對的「Buy Yes」合約價為 88¢，顯示出市場的高度確信。僅該合約就已產生 $337.3K 的成交量。

🥈 第二梯隊：主要挑戰者

• Anthropic (10.7%)：作為最可行的替代選項，Anthropic 保持著 10.7% 的成真機率，其「Buy Yes」份額目前成交價為 11¢。
• OpenAI (2.3%)：以 2.3% 的機率位列第三，市場對 OpenAI 持謹慎懷疑態度，除非勢頭轉變，否則視其為外圍黑馬。

🥉 第三梯隊：長尾選項（合計約 0%）

在前三名之外，還有大量宏觀變數與冷門結果被持續追蹤。儘管單個機率偏低，但它們是投機交易者的重要對沖：

• 替代選項：包括 ByteDance (0.1%)、Stripe (0.1%)，以及 Databricks (0.1%)。
• 投機成交：儘管統計機率偏低，像 SHEIN 這類長尾合約仍吸引著可觀的關注。

This market will resolve to the company that achieves the highest market capitalization in U.S. dollars based on the official closing price on its first trading day in 2026.

This market will resolve to a company that completes an Initial Public Offering (IPO) between January 1 and December 31, 2026, 11:59 PM ET.

Market capitalization is defined as the total number of outstanding shares multiplied by the closing share price on the first trading day.

If two or more companies have exactly equal highest closing market capitalizations, this market will resolve to the company whose listed name comes first alphabetically.

Resolution will be based on the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used.

In case the respective company's primary exchange’s official listing page does not report in U.S. dollars, it will be converted to U.S. dollars using the U.S. Federal Reserve Board’s H.10 foreign exchange reference rate for the relevant currency pair on the company’s first trading day (https://www.federalreserve.gov/releases/h10/). If no such rate is available for the relevant trading day, the most recent previously published rate will be used. If the relevant currency is not listed, another credible exchange rate source will be used.

A listed company may resolve to "No" as soon as it becomes unable to complete an IPO, including due to acquisition, merger, or absorption by an entity that is already publicly traded.

In the event of an interruption in the course of the normal trading session on the respective companies’ 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 as the first day of trading for purposes of this market.

人群共識與投機成交塑造了更宏觀的預測市場，而我們的量化演算法提供了資料驅動的反向視角。透過分析基本面訊號、底層趨勢與歷史分布，我們的 AI 估值模型為每個結果獨立測算出一個「公允價值」機率。

將該公允價值與當前交易價值對比，可揭示出重大背離——即期望值（EV）差。正 EV 差代表統計上被低估的結果，而負 EV 差則提示市場可能存在反應過度。

頂級 AI Alpha 與錯誤定價套利機會

根據最新一輪資料模型測算，以下幾個關鍵合約存在顯著偏離：

• 最被高估的結果：SpaceX 當前交易價為 88%，但我們的 AI 測算其公允價值僅為 85.3%，形成 -2.7% 的較大負 EV 差，表明人群可能過度炒作該結果、把溢價推得過高。
• 最佳價值標的（最高 EV）：我們的模型將 Discord 識別為盤面上最具價值的機會。市場僅給予其 0.1% 的交易機率，而我們 AI 的公允價值評估為 1%——形成可觀的 +1% EV 差。
• 被忽視的黑馬：其他值得注意的偏離包括 Kraken（EV 差：+1%）以及 Stripe（EV 差：+0.4%）。儘管我們的預測模型給予更強的統計支撐，這些長尾機會仍被即時訂單簿大幅低估。