Verbatim from the venue. The analyst must quote these, never paraphrase.
If PJT Partners serves as a lead underwriter for OpenAI's initial public offering in the United States before Jan 1, 2028, then the market resolves to Yes.
The bank must serve as lead underwriter, book-running manager, or global coordinator as documented in SEC filings (Form S-1 or final prospectus) or official announcements. Joint book-running managers qualify. Direct listings, SPAC mergers, secondary offerings, and private placements do not qualify. If the bank merges with another institution, the surviving entity under any name qualifies. For dual listings, only the U.S. portion is considered. Even if the IPO is later shelved, the market resolves Yes based on the announcement of the underwriting relationship.
opens
Jun 3 · 9:00 PM UTC
closes
Jan 1, 2028 · 4:59 AM UTC · may close early
expires
Jan 1, 2028 · 3:00 PM UTC
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market42
can_close_earlytrue
close_time2028-01-01T04:59:00Z
created_time2026-06-03T17:01:35.249048Z
custom_strike1
Bank
PJT Partners
early_close_conditionThis market will close and expire early if the IPO underwriting is announced.
event_tickerKXOPENAIBANKPUBLIC-28JAN01
exchange_index0
expected_expiration_time2028-01-01T15:00:00Z
expiration_time2028-01-08T15:00:00Z
expiration_value
last_price_dollars0.0600
latest_expiration_time2028-01-08T15:00:00Z
liquidity_dollars0.0000
market_typebinary
no_ask_dollars0.9300
no_bid_dollars0.8500
no_sub_titlePJT Partners
notional_value_dollars1.0000
occurrence_datetime2028-01-01T15:00:00Z
open_interest_fp23.00
open_time2026-06-03T21:00:00Z
previous_price_dollars0.0600
previous_yes_ask_dollars1.0000
previous_yes_bid_dollars0.0000
price_level_structurelinear_cent
price_ranges1
[0]3
end1.0000
start0.0000
step0.0100
result
rules_primaryIf PJT Partners serves as a lead underwriter for OpenAI's initial public offering in the United States before Jan 1, 2028, then the market resolves to Yes.
rules_secondaryThe bank must serve as lead underwriter, book-running manager, or global coordinator as documented in SEC filings (Form S-1 or final prospectus) or official announcements. Joint book-running managers qualify. Direct listings, SPAC mergers, secondary offerings, and private placements do not qualify. If the bank merges with another institution, the surviving entity under any name qualifies. For dual listings, only the U.S. portion is considered. Even if the IPO is later shelved, the market resolves Yes based on the announcement of the underwriting relationship.
settlement_timer_seconds1800
statusactive
strike_typecustom
tickerKXOPENAIBANKPUBLIC-28JAN01-PJTX
titleWill PJT Partners take OpenAI public before Jan 1, 2028?