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]
Jefferies Financial Group Inc. (NYSE:JEF) Quarterly Earnings and Takeover Speculations
Financial Modeling Prep· 2026-03-25 01:00
Jefferies Financial Group Inc. (NYSE:JEF) is set to release its quarterly earnings with an expected EPS of $0.89 and revenue of $1.98 billion.Reports of a potential takeover by Sumitomo Mitsui Financial Group (SMFG) have led to a significant surge in Jefferies' stock price, despite denials of immediate plans.Financial indicators such as a P/E ratio of 12.30, a price-to-sales ratio of 0.77, and an earnings yield of 8.13% highlight Jefferies' market valuation and potential returns for shareholders.Jefferies F ...
Carvana Co. (NYSE: CVNA) Maintains "Buy" Rating from Bank of America Securities
Financial Modeling Prep· 2026-03-25 00:02
Bank of America Securities reaffirms its "Buy" rating for Carvana Co. (NYSE: CVNA), with a price target of $400, suggesting a potential upside of approximately 33.5%.Carvana's gross profit per unit (GPU) and cost leverage improvements are key factors driving the positive outlook.The company's vertically integrated model and operational efficiencies are expected to bolster its position as the leading independent used-car dealer in the U.S.Carvana Co. (NYSE: CVNA) is a prominent player in the online used car ...
Erdene Announces 2025 Results - Provides Bayan Khundii Gold Mine and Exploration Update
Globenewswire· 2026-03-24 21:36
HALIFAX, Nova Scotia, March 24, 2026 (GLOBE NEWSWIRE) -- Highlights: Completed construction at the high-grade Bayan Khundii Gold Mine in Q3 2025Produced first gold in September 2025 and sold 7,434 ounces gold at average price of US$4,187, for US$31M in gross project revenues including silver by-product in 2025Announced updated independent mineral resource estimate for Zuun Mod molybdenum-copper porphyry project and initiation of preliminary economic assessmentEntered option agreement to acquire up to 80% o ...
Epirus, General Dynamics Land Systems and Kodiak AI Unveil New Autonomous HPM System for Counter-UAS
Globenewswire· 2026-03-24 21:34
Leonidas Autonomous Ground Vehicle (AGV) combines Epirus’ Leonidas high-power microwave platform, the Kodiak Driver autonomous system and General Dynamics Land Systems’ system integration expertise to deliver a mobile, autonomous counter-UAS capabilityLOS ANGELES, March 24, 2026 (GLOBE NEWSWIRE) -- Epirus, General Dynamics Land Systems (GDLS) and Kodiak AI (Kodiak) today unveiled Leonidas Autonomous Ground Vehicle (AGV), a mobile, fully autonomous vehicle for counter-UAS, critical point defense and homeland ...
Sun Life to host 2026 Annual Meetings on May 6, 2026
Prnewswire· 2026-03-24 21:34
Sun Life to host 2026 Annual Meetings on May 6, 2026 Accessibility StatementSkip NavigationTORONTO, March 24, 2026 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) (the "Company") today announced that its Annual and Special Meeting of common shareholders and the Annual Meeting of voting policyholders of Sun Life Assurance Company of Canada will be held on Wednesday, May 6, 2026. Shareholders and voting policyholders are invited to participate online or in person.The Company also announced that ...
Skeena Reports Fourth Quarter and Annual 2025 Financial Results
Globenewswire· 2026-03-24 21:31
VANCOUVER, British Columbia, March 24, 2026 (GLOBE NEWSWIRE) -- Skeena Resources Limited (TSX: SKE, NYSE: SKE) (“Skeena Gold & Silver”, “Skeena” or the “Company”) reports its fourth quarter and annual financial results for the year ended December 31, 2025. The financial statements, management’s discussion and analysis (“MD&A”), and annual information form (“AIF”) are available on Skeena’s website and have been posted under the Company’s profile on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. About S ...
Discovery Harbour Resources Announces Closing of Share Sale
Thenewswire· 2026-03-24 21:30
Vancouver, B.C. – March 24, 2026 – TheNewswire - Discovery Harbour Resources Corp. (the "Company") (TSXV: DHR; OTC Pink DCHRF; Frankfurt: 4GW) is pleased to announce it has completed the sale of its minority shareholding interest in UVAD Technologies Inc. (the “Shares”) pursuant to an agreement dated February 6, 2026, with an arm’s length private company for gross proceeds of $297,000 (the “Share Sale”). The Company originally acquired the Shares in 2011 following a debt settlement. The Shares were a passi ...
Cathedra Bitcoin Announces Fourth Quarter and Full-Year 2025 Financial Results
TMX Newsfile· 2026-03-24 21:30
Toronto, Ontario--(Newsfile Corp. - March 24, 2026) - Cathedra Bitcoin Inc. (TSXV: CBIT) (OTCQB: CBTTF) (Block Height: 942,048) ("Cathedra", the "Company" or "we"), a developer and operator of power and digital infrastructure assets across North America, today announces our fourth quarter and full-year financial results for the fiscal year ended December 31, 2025: Fiscal Year 2025 Financial HighlightsTotal revenues for the year ended December 31, 2025, of C$21.2 million, compared to C$23.1 million for the ...
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Stellantis N.V. – STLA
Globenewswire· 2026-03-24 21:30
NEW YORK, March 24, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Stellantis N.V. (“Stellantis” or the “Company”) (NYSE: STLA). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Stellantis and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On February ...