Resolution criteria

This market resolves to the date when Suno, Inc. officially completes an Initial Public Offering (IPO) or is acquired by or merged into another entity.

• IPO: Defined as the date when Suno's shares begin trading on a major stock exchange (e.g., NASDAQ, NYSE) following an initial public offering or direct listing.

• Acquisition / Merger: Defined as the official closing date of a merger, acquisition, or asset transfer resulting in a majority ownership stake (>50%) by another entity, as announced by the participating companies or filed with regulators.

• Verification: Outcome will be verified using official SEC filings (e.g., Form S-1, Form 8-K), press releases from Suno or the acquiring entity, or reports from major financial news outlets such as Bloomberg, Reuters, or The Wall Street Journal.

If Suno liquidates, files for Chapter 7 bankruptcy, or ceases operations without being acquired or going public, the market will resolve to "Not before 2030".

Background

Suno, Inc. is an AI music startup based in Cambridge, Massachusetts, known for its generative AI platform that creates full songs from text prompts. The company raised a $125 million funding round in May 2024 at a valuation exceeding $500 million, with backing from Lightspeed Venture Partners. Suno has drawn significant industry attention as well as legal challenges, including a copyright infringement lawsuit filed by major record labels represented by the Recording Industry Association of America (RIAA) regarding AI model training data.