{
  "about": "Hand-kept table behind the board. One entry per company that has a live pre-IPO perpetual market. Every figure carries the page it was read from and that page's date. A company with no sourced figure is left out.",
  "checked": "2026-11-12",
  "venues": {
    "xyz": {
      "name": "XYZ",
      "spec": "https://docs.trade.xyz/perpetuals/specifications-and-schedules/pre-ipo-specification-index"
    },
    "io": {
      "name": "EntropyIO",
      "spec": "https://docs.entropy.io/market-types/pre-ipo-perpetuals"
    },
    "para": {
      "name": "Paragon",
      "spec": "https://docs.paragon.trade/resources/specifications"
    }
  },
  "companies": [
    {
      "slug": "anthropic",
      "name": "Anthropic",
      "legalName": "Anthropic, PBC",
      "shares": {
        "count": 17498334025,
        "basis": "fully diluted",
        "detail": "The estimated fully diluted share count one venue (EntropyIO) publishes for its own contract, as a multiplier of 17.498334025 billion. The venue says it took the count from the company's amended registration statement and that it can change with the final prospectus.",
        "source": "https://docs.entropy.io/asset-directory/pre-ipo-assets",
        "sourceLabel": "EntropyIO, Pre-IPO Assets",
        "date": "2026-11-12"
      },
      "sharesOutstanding": {
        "count": 13086672593,
        "basis": "outstanding after the offering",
        "detail": "All classes of common stock to be outstanding after the offering and the concurrent private placement, at the midpoint of the price range and without the underwriters' option. Shares under options and unvested stock units are not in it.",
        "source": "https://www.sec.gov/Archives/edgar/data/2130357/000162828026072484/anthropicpbc-sx1ax2.htm",
        "sourceLabel": "SEC Form S-1/A, Amendment No. 2",
        "date": "2026-11-10"
      },
      "lastRound": {
        "label": "Series H",
        "valuation": 965000000000,
        "raised": 65000000000,
        "kind": "post-money",
        "date": "2026-05-28",
        "source": "https://www.anthropic.com/news/series-h",
        "sourceLabel": "Company announcement"
      },
      "ipo": {
        "status": "filed",
        "exchange": "Nasdaq",
        "ticker": "ANT",
        "low": 70,
        "high": 78,
        "detail": "Estimated price range per share in the amended registration statement. The offering has not priced.",
        "source": "https://www.sec.gov/Archives/edgar/data/2130357/000162828026072484/anthropicpbc-sx1ax2.htm",
        "sourceLabel": "SEC Form S-1/A, Amendment No. 2",
        "date": "2026-11-10"
      },
      "markets": [
        {
          "id": "xyz:ANT",
          "unit": "share"
        },
        {
          "id": "io:ANTH",
          "unit": "valuation_bn"
        },
        {
          "id": "para:ANTH",
          "unit": "share"
        }
      ]
    },
    {
      "slug": "openai",
      "name": "OpenAI",
      "legalName": "OpenAI Group PBC",
      "shares": null,
      "lastRound": {
        "label": "Funding round",
        "valuation": 852000000000,
        "raised": 122000000000,
        "kind": "post-money",
        "date": "2026-03-31",
        "source": "https://openai.com/index/accelerating-the-next-phase-ai/",
        "sourceLabel": "Company announcement"
      },
      "ipo": null,
      "markets": [
        {
          "id": "io:OAI",
          "unit": "valuation_bn"
        }
      ]
    },
    {
      "slug": "oura",
      "name": "Oura",
      "legalName": "Oura Inc.",
      "shares": {
        "count": 355849309,
        "basis": "fully diluted",
        "detail": "320,945,459 shares to be outstanding immediately after the offering, plus 34,903,850 shares under outstanding options and restricted stock units, added up from the figures in the filing. The offering has since been postponed; new terms would change the count.",
        "source": "https://www.sec.gov/Archives/edgar/data/2133022/000119312526396051/d119865ds1a.htm",
        "sourceLabel": "SEC Form S-1/A, Amendment No. 1",
        "date": "2026-09-21"
      },
      "sharesOutstanding": {
        "count": 320945459,
        "basis": "outstanding after the offering",
        "detail": "Common stock to be outstanding immediately after the offering as filed, without options and unvested stock units.",
        "source": "https://www.sec.gov/Archives/edgar/data/2133022/000119312526396051/d119865ds1a.htm",
        "sourceLabel": "SEC Form S-1/A, Amendment No. 1",
        "date": "2026-09-21"
      },
      "lastRound": {
        "label": "Series E",
        "valuation": 11000000000,
        "raised": 900000000,
        "kind": "as reported",
        "date": "2025-10-14",
        "source": "https://insider.fitt.co/oura-raises-900m-hits-11b-valuation/",
        "sourceLabel": "Press report of the company's announcement"
      },
      "ipo": {
        "status": "postponed",
        "exchange": "Nasdaq",
        "ticker": "OURA",
        "low": 40,
        "high": 44,
        "detail": "Estimated price range per share in the amended registration statement.",
        "source": "https://www.sec.gov/Archives/edgar/data/2133022/000119312526396051/d119865ds1a.htm",
        "sourceLabel": "SEC Form S-1/A, Amendment No. 1",
        "date": "2026-09-21",
        "statusNote": "The company postponed the offering on 29 Sep 2026 and has set no new date.",
        "statusSource": "https://www.irishtimes.com/business/markets/2026/09/29/smart-ring-start-up-oura-delays-ipo-amid-market-uncertainty/",
        "statusSourceLabel": "The Irish Times",
        "statusDate": "2026-09-29"
      },
      "markets": [
        {
          "id": "xyz:OURA",
          "unit": "share"
        }
      ]
    }
  ]
}