GOJIB 53.58 ▲0.40% STAN 931.87 ▲0.20% FLIPI 10.14 ▲0.30% HABIT 7.67 ▲0.39% CHATB 207.48 ▲0.10% REZI 42.58 ▲0.10% AEOEN 135.70 ▲0.10% UNFAI 63.97 ▲0.05% DRAF3 28.01 ▲0.05% SPEA3 1.20 ▲0.85% Sponsored Deploy vibe coded apps to Croft LUNCH 15.31 ▲0.03% BRAND 32.99 ▲0.00% STACK 3.35 ▲0.00% COMPA 1.27 ▲0.00% 1LOOK 141.46 ▲0.00% LLMGA 94.52 ▲0.00% YEW2 0.27 ▲0.00% POSTI 159.52 ▲0.00% KIBU 281.18 ▲0.00% COMET 24.32 ▲0.00% Sponsored Deploy vibe coded apps to Croft VERBI 22.47 ▲0.00% TREND 79.39 ▲0.00% INDEX 5.21 ▲0.00% OMEGL 10.04 ▲0.00% PROSP 30.72 ▲0.00% REDDI 52.20 ▲0.00% PROPG 59.33 ▲0.00% PROJE 12.77 ▲0.00% UPSCA 53.47 ▲0.00% CREAT 10.14 ▲0.00% Sponsored Deploy vibe coded apps to Croft LAUNC 30.99 ▲0.00% PROMP 8.33 ▲0.00% COMPO 10.00 ▲0.00% CODDE 11.07 ▲0.00% ICOLL 3.80 ▲0.00% ADSPI 65.62 ▲0.00% MYXPR 9.26 ▲0.00% WHITE 78.99 ▲0.00% VIRTU 5.84 ▲0.00% PRES2 0.48 ▲0.00% Sponsored Deploy vibe coded apps to Croft PODAW 7.66 ▲0.00% ABMAX 19.87 ▲0.00% RANKA 67.84 ▲0.00% HIDDE 2.89 ▲0.00% BACKP 3.29 ▲0.00% GETE2 8.74 ▲0.00% DEFI2 0.80 ▲0.00% ORION 4.53 ▲0.00% KARMA 1.98 ▲0.00% POSTB 30.59 ▲0.00% Sponsored Deploy vibe coded apps to Croft DROPK 72.21 ▲0.00% DATAE 6.74 ▲0.00% LAPER 34.54 ▲0.00% TRUST 13.89 ▲0.00% APIFR 40.59 ▲0.00% APPL2 0.21 ▲0.00% WEB3F 26.42 ▲0.00% DATAF 40.33 ▲0.00% RANKP 45.46 ▲0.00% BOOTH 4.59 ▲0.00% Sponsored Deploy vibe coded apps to Croft OPENING BELL — Fri 25 Sep — 0 IPOs open OPENING BELL — Fri 25 Sep — 1 IPO open IPO OPEN — DIDID at $0.24 DIDID to list at $0.24 THE EXCHANGE IS OPEN — 1011 tickers listed GOJIB 53.58 ▲0.40% STAN 931.87 ▲0.20% FLIPI 10.14 ▲0.30% HABIT 7.67 ▲0.39% CHATB 207.48 ▲0.10% REZI 42.58 ▲0.10% AEOEN 135.70 ▲0.10% UNFAI 63.97 ▲0.05% DRAF3 28.01 ▲0.05% SPEA3 1.20 ▲0.85% Sponsored Deploy vibe coded apps to Croft LUNCH 15.31 ▲0.03% BRAND 32.99 ▲0.00% STACK 3.35 ▲0.00% COMPA 1.27 ▲0.00% 1LOOK 141.46 ▲0.00% LLMGA 94.52 ▲0.00% YEW2 0.27 ▲0.00% POSTI 159.52 ▲0.00% KIBU 281.18 ▲0.00% COMET 24.32 ▲0.00% Sponsored Deploy vibe coded apps to Croft VERBI 22.47 ▲0.00% TREND 79.39 ▲0.00% INDEX 5.21 ▲0.00% OMEGL 10.04 ▲0.00% PROSP 30.72 ▲0.00% REDDI 52.20 ▲0.00% PROPG 59.33 ▲0.00% PROJE 12.77 ▲0.00% UPSCA 53.47 ▲0.00% CREAT 10.14 ▲0.00% Sponsored Deploy vibe coded apps to Croft LAUNC 30.99 ▲0.00% PROMP 8.33 ▲0.00% COMPO 10.00 ▲0.00% CODDE 11.07 ▲0.00% ICOLL 3.80 ▲0.00% ADSPI 65.62 ▲0.00% MYXPR 9.26 ▲0.00% WHITE 78.99 ▲0.00% VIRTU 5.84 ▲0.00% PRES2 0.48 ▲0.00% Sponsored Deploy vibe coded apps to Croft PODAW 7.66 ▲0.00% ABMAX 19.87 ▲0.00% RANKA 67.84 ▲0.00% HIDDE 2.89 ▲0.00% BACKP 3.29 ▲0.00% GETE2 8.74 ▲0.00% DEFI2 0.80 ▲0.00% ORION 4.53 ▲0.00% KARMA 1.98 ▲0.00% POSTB 30.59 ▲0.00% Sponsored Deploy vibe coded apps to Croft DROPK 72.21 ▲0.00% DATAE 6.74 ▲0.00% LAPER 34.54 ▲0.00% TRUST 13.89 ▲0.00% APIFR 40.59 ▲0.00% APPL2 0.21 ▲0.00% WEB3F 26.42 ▲0.00% DATAF 40.33 ▲0.00% RANKP 45.46 ▲0.00% BOOTH 4.59 ▲0.00% Sponsored Deploy vibe coded apps to Croft OPENING BELL — Fri 25 Sep — 0 IPOs open OPENING BELL — Fri 25 Sep — 1 IPO open IPO OPEN — DIDID at $0.24 DIDID to list at $0.24 THE EXCHANGE IS OPEN — 1011 tickers listed
INDIEIPO
Buy

Not sure yet? Browse the market and press Buy on any row.

Sell

You sell shares you own. Sign in to get your play money and buy some.

Sign in to trade →
ET 21:47 · ▲ OPEN 24/7 · IPO BELL IN --:--:-- Sign in

How to play

Indie IPO is a play-money stock market game. Every ticker is a real indie startup, priced off revenue verified by TrustMRR. You cannot put real money in or take any out, there are no prizes, and the listed companies have not opted in and are not affiliated with the game.

The loop

  1. Sign up and get $10,000 of play money.
  2. Research tickers — MRR, growth, the trading multiple, the dividend yield — and trade.
  3. Every night the TrustMRR sync refreshes fundamentals, pays dividends, runs the news wire and rings the bell for new IPOs.
  4. Climb the leaderboard over a quarterly season and share your firm page.

How prices work

Each ticker trades against its own automated market maker. The pool holds virtual cash C and shares S, and their product k = C × S never changes when you trade. The price is C ÷ S, so buying takes shares out and pushes the price up; selling pushes it down. Buying can never exhaust the pool — the price just rises without limit.

A company lists at MRR × 12 × m, where the multiple m is clamp(2 + 0.4 × growth%, 1, 10), spread over 100,000 shares. The pool starts at the smaller of that market cap and $2.00m, so big companies get a deep pool and a smaller free float, and small ones float every share.

Dividends

Every listed company pays a daily dividend set so that 10% of its annual revenue is paid out across a year. A ticker trading at 2× revenue yields about 5% a year; at 10×, about 1%. Shorts pay the dividend instead of receiving it.

IPOs

The bell rings at 09:30 America/New York every day, weekends included. Up to 100 companies list a day, and each window stays open for 24 hours. You subscribe a cash amount; at the close all the demand is filled in one step and everyone receives shares at the same average price. Subscribing early gains you nothing.

Short selling

Selling short borrows shares and sells them into the pool. The proceeds plus another 50% are locked as collateral. If that collateral falls below 125% of what it would cost to buy the position back, the whole short is bought back at market — a short squeeze. You cannot be long and short the same ticker at once.

Leagues and seasons

A season is a calendar quarter. The Human Floor is for players who trade only on the website; the Algo Desk is for anyone who has placed an order through the API or MCP. Both play by identical rules, caps and rate limits. To appear on a board you need an account over 24 hours old and at least 10 trades in the season.

Every number, live

Every number your trades are bound by, as the market is running it right now. The operator can change these, which is exactly why they are published: this table is read from the same module the engine enforces, so it cannot drift, and it is the same set get_rules returns to an AI agent.

A few operational settings are not listed — anti-abuse thresholds and internal feed handling. None of them changes what an order costs, what it is capped at, or when it settles.

ParameterValue
STARTING_CASH10000
SHARES_OUTSTANDING100000
MRR_FLOOR_CENTS100000
DAYS_ABOVE_FLOOR_TO_LIST1
MULTIPLE_BASE2
MULTIPLE_GROWTH_FACTOR0.4
MULTIPLE_MIN1
MULTIPLE_MAX10
D_MAX2000000
TRADE_FEE_BPS50
MIN_FEE0.01
DEFAULT_SLIPPAGE0.02
MAX_LONG_PCT_FLOAT0.10
MAX_SHORT_PCT_FLOAT0.10
MAX_SHORT_INTEREST_PCT0.50
SHORT_INITIAL_MARGIN1.50
SHORT_MAINTENANCE_MARGIN1.25
DIVIDEND_PAYOUT_RATIO0.10
BELL_TIME09:30
MARKET_TIME_ZONEAmerica/New_York
SETTLEMENT_MINUTES_BEFORE_BELL10
IPO_WINDOW_MINUTES1440
MAX_IPOS_PER_DAY100
FOUNDING_COHORT_SIZE100
MIN_IPO_SUBSCRIPTION10
DELIST_BELOW_FLOOR_DAYS7
ORDER_RATE_LIMIT_PER_HOUR60
READ_RATE_LIMIT_PER_MIN120
LEADERBOARD_MIN_ACCOUNT_AGE_HOURS24
LEADERBOARD_MIN_TRADES10
MAX_API_TOKENS5
TRADE_DELAY_MINUTES60