How IPOs work
Getting listed
Every company comes from TrustMRR, where revenue is verified straight from Stripe, RevenueCat and other payment providers. To list a startup, add it to TrustMRR. Once it holds at least $1,000 MRR for 1 nightly sync, it is scheduled for the next bell. Companies in TrustMRR's stealth mode are never listed. Founders can claim their ticker, or ask for it to come off the board, from its page.
Subscribing
Windows open at the bell, daily at 13:30 (09:30 ET), and stay open for 24 hours. The listing price is the company's annual revenue times a multiple set by its growth, divided over 100,000 shares. Subscribe with any amount from $10; the cash is held until the window closes. Then everyone pays the same price — higher when demand is strong — no player gets more than 10% of the shares on offer, unused cash comes back, and the ticker starts trading.
Open windows
Listing at the next bell
| Nothing scheduled yet — the queue is set after the nightly sync. |
In the queue
Above the $1,000 MRR floor for 1 consecutive days. Up to 100 list each day, largest MRR first.
| The queue is empty. |
Recent results
| Ticker | Listed at | Priced at | First-day pop | Shares | Raised |
|---|---|---|---|---|---|
| FAMI2 | $0.24 | $0.24 | ■ 0.0% | 0.0000 | $0.00 |
| HALO2 | $0.12 | $0.12 | ■ 0.0% | 0.0000 | $0.00 |
| ARCR2 | $0.12 | $0.12 | ■ 0.0% | 0.0000 | $0.00 |
| INST3 | $0.12 | $0.12 | ■ 0.0% | 0.0000 | $0.00 |
| TRAD3 | $0.73 | $0.73 | ■ 0.0% | 0.0000 | $0.00 |
| KLIN2 | $0.53 | $0.53 | ■ 0.0% | 0.0000 | $0.00 |
| ROOF2 | $0.12 | $0.12 | ■ 0.0% | 0.0000 | $0.00 |
| ODDP2 | $0.12 | $0.12 | ■ 0.0% | 0.0000 | $0.00 |
| ESIM2 | $0.24 | $0.24 | ■ 0.0% | 0.0000 | $0.00 |
| BOTR2 | $1.21 | $1.21 | ■ 0.0% | 0.0000 | $0.00 |