• Farmers Business Network (FBN), the most popular farmer network and ecommerce platform in the US, is reportedly preparing to confidentially file for a US initial public offering (IPO) within the next few weeks.

• According to sources, FBN is looking to double its valuation to USD 8 billion following the IPO. The company was valued at nearly USD 4 billion following its USD 300 million Series G funding round in November last year . At the time, FBN had stated plans to go public in 2022 but did not provide a definitive timeline. 

• The timing, size, and terms of the IPO is expected to be subject to market conditions.

<ul><li> Analyst QuickTake: FBN is the highest funded and most popular startup in the online marketplace operator segment, having attracted USD 870.4 million in funding to date—nearly 56% of the total funds raised by the segment. The company has also been continuously expanding and growing its business, having launched the Regenerative Agriculture Finance Fund (RAFF) in partnership with the Environmental Defense Fund in January this year. FBN has over 33,000 members across three countries registered on its platform and plans to provide new financial services and sustainability offerings through 2022.</ul>