Will Discord’s IPO Closing Market Cap be above $20 Billion?
·Economy### **Market Details:** - **Market Close:** This market will close prior to the IPO of Discord, and will be adjusted to this once the date is officially announced. - **Resolution Time:** The resolution will be determined as soon as Discord’s stock has completed its first day of public trading. - **Market Target:** $20,000,000,000 (20 Billion USD). ### **Resolution Criteria:** - Resolves to “**Yes**" if the closing market cap of Discord is above the Market Target at the end of its first day of public trading. - Resolves to "**No**" if not. ### **Resolution Details:** - This market will resolve based on the official data from Nasdaq. - In case Discord doesn’t begin trading on Nasdaq, the resolution source will be adapted to the stock exchange it begins trading on instead. - Only the market capitalization of Discord at the stock market close of its first day of trading is of subject to this market. - Market capitalization refers to the product of the total outstanding shares multiplied by the closing share price on the first day the stock is traded. - In case the primary resolution source does not report on the market cap or the number of outstanding shares then official Discord communications or a media consensus of credible reporting will be used to determine the amount of outstanding shares. - If normal trading on Discord’s first trading day is disrupted (for example, due to a circuit breaker or a shortened session), the market will settle based on the official closing price from that shortened session. If no official closing price is issued, the market will instead settle using the official closing price from the next trading day on which one is published, which will be considered the first trading day. ### **Cancellation Conditions:** - Discord doesn’t IPO before 2028. - Any circumstance makes it impossible to determine the outcome. - Myriad Markets undergoes a change in its contract that demands a cancellation of all active markets, or a similar significant technical change. In the event of cancellation, participants may claim their stakes at the market value of their open positions at the time of cancellation. This could result in a profit or a loss, depending on the price of their outstanding shares.