Description
Ledger’s IPO closing market-cap thresholds are set across seven tiers: $1B through $7B. On Ledger’s first trading day, the official closing market cap is compared to the specified threshold to determine Yes or No. If the IPO does not occur by December 31, 2027, 11:59 PM ET, the market resolves to No; resolution relies on the primary exchange’s listing page or a reliable secondary source if needed; interruptions use the abbreviated session closing price, or the next trading day’s official close.
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Rules
This market will resolve to “Yes” if the official closing price for Ledger's market capitalization on its first trading day is above the value specified in the title. Otherwise, it will resolve to “No”. If no IPO occurs by December 31, 2027, 11:59 PM ET, this market will resolve to “No”. Market capitalization is defined as the total number of outstanding shares multiplied by the closing share price on the first trading day. 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 the event of an interruption in the course of the normal trading session on Ledger’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 as the first day of trading.