OpenAI lead left IPO·closes in 16mo

Will JPMorgan Chase serve as lead-left underwriter on OpenAI's IPO?

YES means JPMorgan Chase

24h volume
0
2,167 lifetime
Open interest
1,393
+1,275 over 90d
Spread
1.53 × 500 at the touch
24h range
1¢ – 8¢
Chance of YES
4%

A YES contract costs and pays $1 if it happens.

NO
96%

costs 99¢

YES bid / ask
/
NO bid / ask
96¢ / 99¢
24h low 24h high
What Galdor thinks

An independent read of this market

1Reads the rules literallySettlement source, close time, and the edge cases that flip an outcome.
2Checks the tape and the webOrder book, flow, price history, then targeted searches with sources.
3Gives a straight answerA probability with a band, and one of four calls: YES, NO, wait, or stay out.

Generated by an AI analyst from live exchange data and public web sources. Research and analytics, not investment advice. Markets can move after this was written.

Price history

YES price per candle with the bid/ask band, volume underneath. Times in UTC.

0¢5¢10¢15¢volJun 29Sep 21

Order book

Resting orders, both sides shown as YES prices. Bars are size.

Yes ask (no bid)SizeYes
  • ask323¢
  • ask1022¢
  • ask321¢
  • ask120¢
  • ask119¢
  • ask26810¢
  • ask100
  • ask500
spreadmid
  • bid1.53
Yes bid (no ask)SizeYes

How this market resolves

Verbatim from Kalshi. Read this before the price.

If JPMorgan Chase serves as lead-left underwriter on OpenAI's initial public offering in the United States before Jan 1, 2028, then the market resolves to Yes.

If two or more underwriters are presented on the cover of the final prospectus as jointly occupying the lead-left position, such that no single underwriter is uppermost-and-leftmost (for example, two names sharing equal top billing), then each such underwriter's outcome resolves to $1/(the number of tied underwriters), rounded down, for “Yes”, and “No” will be paid $1 minus the Yes value.

Settlement sources
opened
Jun 3 · 9:00 PM UTC
closes
Jan 1, 2028 · 4:59 AM UTC · may close early
settles by
Jan 1, 2028 · 3:00 PM UTC
ticker
KXOPENAILEADLEFT-28JAN01B-JPMX
Trade it on kalshi.com

Other outcomes in this event

Mutually exclusive: YES prices should add to about $1.00 (they add to 107¢).

Prices are YES cost in cents and approximate the market’s implied probability. Data is read live from the Kalshi Trade API on every page load. galdor.xyz places no orders and holds no positions. Research and analytics, not investment advice.