DISPATCHES FROM THE EXCHANGE FLOOR — The oracles of Kalshi, consulted this very morning, return a sobering verdict for those awaiting Airtable's grand entrance onto the public stage: odds stand at a mere 22% that the collaboration-software concern shall announce an IPO in the near term. The market, in short, does not hold its breath.

Airtable, that San Francisco outfit which transformed the humble spreadsheet into something approaching a full application platform, has long flirted with the notion of going public. Valued at some eleven billion dollars at its last private funding round, the company commands no shortage of Wall Street admirers. Yet prediction markets, trading on Kalshi with a 24-hour volume of $1,149, suggest the firm's principals see little urgency to endure the scrutiny and quarterly theatre that public markets demand. At 22%, the consensus is plain: Airtable remains a private affair, and contentedly so.