Resolution criteria

This market will resolve to YES if Databricks completes an initial public offering (IPO) or direct listing, and its shares begin trading on a major public stock exchange (such as the NYSE or Nasdaq) before January 1, 2028.

If Databricks does not list its shares publicly on a major exchange by 11:59 PM UTC on December 31, 2027, this market will resolve to NO.

For the purposes of this market:

• A traditional IPO, a direct listing, or a merger with a Special Purpose Acquisition Company (SPAC) that results in Databricks' common stock actively trading on a public exchange before the deadline will resolve the market to YES.

• If Databricks is acquired by another company or goes out of business without listing publicly, the market will resolve to NO.

• If a public listing is officially announced or registered with the SEC before January 1, 2028, but actual public trading of the shares on an exchange does not begin until on or after January 1, 2028, the market will resolve to NO.

The primary source of truth for resolution will be official filings on the SEC EDGAR system or official press releases on the Databricks Newsroom.

Background

Databricks, an enterprise data and artificial intelligence company, is one of the world's most highly valued private technology companies. In August 2026, Databricks closed a $5 billion strategic funding round at a $190 billion valuation after crossing a $7 billion annualized revenue run rate.

Despite being highly anticipated by public market investors, CEO Ali Ghodsi has stated that the company does not immediately need the public market to fund its operations, as it is free cash flow positive. Ghodsi indicated in mid-2026 that 2026 is a "terrible year to go public", citing market volatility and a crowded schedule of other mega-IPOs, but has reiterated that a public listing is inevitable to eventually provide liquidity for employee equity. Financial analysts widely look to 2027 as a plausible window for a Databricks public debut.