Side-by-side IPO readiness, funding history, and valuation comparison. Data sourced by TechStackIPO.
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Faire is the wholesale marketplace connecting 700K+ independent retailers with 100K+ emerging brands — the B2B commerce platform for the indie retail economy. Valued at $12.4B with $1.7B raised, Faire processes billions in annual GMV and is the dominant wholesale marketplace globally. IPO candidate as B2B commerce digitisation continues to disrupt traditional wholesale distribution — a $50B+ global market.
| Industry | E-commerce |
| Stage | Series H |
| IPO Status | Private |
| Valuation | $12.4B |
| Total Funding | $1.7B |
| Headquarters | San Francisco, CA |
Kalshi is the first CFTC-regulated event contracts exchange in the United States, allowing users to trade on real-world outcomes across economics, politics, weather, and more.
| Industry | Fintech |
| Stage | Series C |
| IPO Status | Pre-IPO |
| Valuation | $4.2B |
| Total Funding | $736M |
| Headquarters | New York, NY |
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Faire is valued at $12.4B. Kalshi is valued at $4.2B. Both figures are based on the most recent funding rounds tracked by TechStackIPO.
Faire filed an S-1 in April 2026 and is actively in the IPO pipeline. Kalshi is currently pre-IPO. Track both companies on TechStackIPO for S-1 filings, roadshow announcements, and IPO date updates.
Faire has raised $1.7B. Kalshi has raised $736M.
Faire operates in E-commerce, while Kalshi operates in Fintech.
Faire is a E-commerce company valued at $12.4B with $1.7B raised. Kalshi is a Fintech company valued at $4.2B with $736M raised. See TechStackIPO's full side-by-side comparison for IPO readiness scores, funding timelines, and investor access options.
Accredited investors can access pre-IPO shares in Faire and Kalshi through secondary market platforms, pre-IPO funds, and broker-dealer platforms that facilitate private company transactions. TechStackIPO's marketplace section tracks available access options for both companies. Pre-IPO investments carry higher risk and limited liquidity.