Kalshi Weighs IPO, Begins Early Talks With Investment Banks
Uk Jin
Summary
- Prediction market Kalshi has begun early talks with investment banks as it weighs a possible IPO, according to a report.
- Kalshi’s annual revenue has surpassed $2 billion, double the $1 billion annual revenue figure reported in March.
- Kalshi raised $1 billion in a Series F funding round led by Coatue in May, when the company was valued at $22 billion.
Forecast Trend Report by Period
Kalshi is weighing a potential initial public offering, according to a media report.
The Block reported on June 19, citing The Information, that the prediction market operator has begun early discussions with investment banks about an IPO.
Kalshi has not issued an official response to the report.
The company’s annual revenue has surpassed $2 billion, double the $1 billion figure reported by The Wall Street Journal in March.
Kalshi has sustained rapid growth in recent months. In May, it raised $1 billion in a Series F funding round led by Coatue that valued the company at $22 billion. Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley and ARK Invest also participated.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
