Faire begins employee share sale at US$5bil value

The Wall street sign hangs outside the New York Stock Exchange (NYSE) building on March 11, 2025. REUTERS/Shannon Stapleton

SAN FRANCISCO: Online marketplace Faire has kicked off a process for some employees to sell their shares in the company at a US$5.2bil valuation, in a move that brings it closer to an initial public offering (IPO).

The share sale is being led by WCM Investment Management, a new investor in the company, with participation from existing holder Baillie Gifford & Co and new investor True North Fund, according to a company announcement.