Polymarket IPO closing market cap above ___ ?

This market will resolve based on Polymarket’s market capitalization at the closing price on its first day of trading. If no such IPO occurs by December 31, 2027, 11:59 PM ET, this market will resolve to "No". If Polymarket becomes unable to complete an IPO, including due to acquisition, merger, or absorption by an entity that is already publicly traded, this market will resolve to "No". The company performing the IPO will count towards this market as long as it is the company that owns (directly or via subsidiaries) the brand, software or CFTC-regulated exchange that is used to operate either Polymarket US or the international site (polymarket.com). Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day. If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently. The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page. The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. In the event of an interruption in the normal trading session on Polymarket’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 day as the first day of trading for the purposes of this market.