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HR tech firm Rippling raises new funding at $16.8 billion valuation, no IPO plans
Reuters· 2026-05-09 17:02AI Processing
Core Insights - Rippling, an HR software startup, raised $450 million in Series G funding, achieving a valuation of $16.8 billion, focusing on global revenue growth over immediate profitability [1][4][5] Funding and Valuation - The funding round included participation from notable investors such as Y Combinator, Elad Gil, Sands Capital, GIC, and Goldman Sachs Growth [2] - The new valuation of $16.8 billion marks an increase from the previous valuation of $13.5 billion in early 2024 [4] Employee Equity and IPO Plans - Rippling plans to repurchase up to $200 million of equity from current and former employees through a tender offer, which may become an annual event [2][3] - The CEO stated that the company does not have immediate plans for an IPO, emphasizing the need for profitability before considering going public [4][6] Business Performance and Strategy - Rippling has surpassed $100 million in annual recurring revenue and serves over 20,000 customers with a suite of more than 20 products [5] - The company is prioritizing growth over profitability, indicating a strategic choice to expand rapidly rather than slow down for immediate profit [6] Legal Challenges - Rippling is involved in ongoing legal disputes with competitor Deel, including allegations of corporate espionage, which have raised questions about competitive practices in the tech industry [7][8]
Global Compliance Closes Private Placement and Debt Settlement
TMX Newsfile· 2026-04-01 02:09
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2026) - Global Compliance Applications Corp. (CSE: APP) (OTC Pink: FUAPF) ("GCAC" or the "Company") is pleased to announce that further to its news release on March 20, 2026, it has closed a private placement financing for gross proceeds of CAD$103,030 and issued 9,366,364 Units @ $0.011 per Unit. Each Unit consists of one common share at $0.011 per share (each, a "Share") and one transferable share purchase warrant (each a "Warrant") exercisable at $ ...
Oil prices extend gains after record monthly rally as Iran war fuels supply worries
CNBC· 2026-04-01 02:04
Smoke emanates from smokestacks from an oil refinery in Linden, New Jersey, on March 18, 2026.U.S. crude oil for May was up 1.5% at $102.92 a barrel, with prices soaring about 51% in March to clock West Texas Intermediate's best month since May 2020.Brent contract for June delivery was up 1.5% at $105.56 a barrel as of 9:50 ET — prices surged more than 60% in March, in their strongest ever monthly rally dating back to 1988, with the May contract settling about 5% higher on Tuesday at $118.35 per barrel.Crud ...
Asian Equities, Govt Bonds Rise on Hopes for Quick End to Mideast Conflict
WSJ· 2026-04-01 02:01
Asian equities and government bonds rose as hopes for a quick end to the Middle East conflict soothed concerns over elevated inflationary pressures driven by higher-for-longer oil prices. ...
ROSEN, TRUSTED INVESTOR COUNSEL, Encourages ImmunityBio, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - IBRX
TMX Newsfile· 2026-04-01 01:59
New York, New York--(Newsfile Corp. - March 31, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of securities of ImmunityBio, Inc. (NASDAQ: IBRX) between January 19, 2026 and March 24, 2026, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 26, 2026 in the securities class action first filed by the Fir ...
ROSEN, HIGHLY REGARDED INVESTOR COUNSEL, Encourages Hercules Capital, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - HTGC
TMX Newsfile· 2026-04-01 01:58
New York, New York--(Newsfile Corp. - March 31, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of Hercules Capital, Inc. (NYSE: HTGC) between May 1, 2025 and February 27, 2026, inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 19, 2026.SO WHAT: If you purchased Hercules Capital securities during the Class Perio ...
ROSEN, A LEADING NATIONAL FIRM, Encourages Nektar Therapeutics Investors to Secure Counsel Before Important Deadline in Securities Class Action - NKTR
TMX Newsfile· 2026-04-01 01:57
New York, New York--(Newsfile Corp. - March 31, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Nektar Therapeutics (NASDAQ: NKTR) between February 26, 2025 and December 15, 2025, both dates inclusive (the "Class Period"), of the important May 5, 2026 lead plaintiff deadline.SO WHAT: If you purchased Nektar securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee ar ...
NXT Energy Solutions Announces 2025 Year-End Results
Accessnewswire· 2026-04-01 01:57
NXT Energy Solutions Announces 2025 Year-End Results Back to the Newsroom NXT Energy Solutions Announces 2025 Year-End Results CALGARY, AB / ACCESS Newswire/ March 31, 2026 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) today announced financial and operating results for the quarter and year ended December 31, 2025. Dollar amounts are in Canadian Dollars, unless otherwise identified. Bruce G. Wilcox, CEO of NXT, commented, "2025 has been a trans ...
Earnings Season Looms: Why It Matters
ZACKS· 2026-04-01 01:46
Imagine that, once every few months, you must release information detailing your current financial standing. The public can see where you’ve spent money, made money, or even how much you’ve saved.Sounds intimidating, right?That’s just a different way of describing what earnings season is.The period is undoubtedly hectic for market participants, with companies finally revealing what’s transpired behind closed doors.And on top of being hectic, it’s impossible to understate the importance of the period. For th ...
Blue Dolphin Reports Full Year 2025 Financial Results
Accessnewswire· 2026-04-01 01:40
Blue Dolphin Reports Full Year 2025 Financial Results <!-- Twitter Tags --> <!-- Facebook Tags --> <!-- Injecting site-wide to the head --> <!-- End Injecting site-wide to the head --><!-- Inject secured cdn script --> <!-- ========= Meta Tags ========= --> <!-- PWA settings --> <!-- Add manifest --> <!-- End PWA settings --> <!--Add favorites icons--><!-- End favorite icons --> <!-- render the required CSS and JS in the head section --> <!-- loadCSS function header.jsp--> <!-- Google Fonts Include --><!-- ...