Specification Index (IPOPs)

A consolidated specification table of all Pre-IPO Perpetual Markets

Estimated fully diluted share counts and any implied initial reference market caps displayed for IPOP markets are based on the best available public information at launch. Because public filings and offering terms may be incomplete, preliminary, or later revised, these figures are indicative only and should not be treated as guaranteed market capitalizations or fair value references.

Market	Status	Description	Initial Reference Price	Estimated Fully Diluted Share Count	Outside Launch Date	Settlement Period	Max Leverage	Discovery Bound	Max Discovery Bound Resets	Anticipated Listing Event	Margin Mode	Open Interest Cap
Cerebras (CBRS)	Converted	CBRS is a pre-IPO market reflecting the market-implied expected price per share of Cerebras Systems common stock. Cerebras develops AI chips, supercomputing systems, and cloud infrastructure designed to power large-scale artificial intelligence workloads. Converted on 5/14. See Specification Index for current specifications.	$175	279.5m	May 30, 2026	60 days (no later than July 30, 2026)	5x	±25%	5	IPO	Strict Isolated	$100m