Faire eyes IPO within 12 months

Online wholesale marketplace Faire is eyeing a potential IPO in the next 12 months after re-engineering its business model for sustainable growth. Co-founder and CEO Max Rhodes noted that the company pulled back from vanity metrics and high-quality supply tightening in 2022 to reach break-even on an EBITDA basis in its most recent quarter with $750 million in annualized revenue. Open article →