Kalshi going IPO? The Information reports that Sequoia Capital and Wellington are in talks to invest in Kalshi, with a valuation reaching $40 billion. Compared to the previous round’s $22 billion valuation, this round has nearly doubled. Sequoia has participated in 4 rounds of Kalshi’s financing, 3 of which happened in the past year—crazy hype. Wellington is a new investor, often investing in companies close to the IPO stage, which might indicate that Kalshi’s IPO could already be on the agenda.