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]
ABO-Group Environment – Results Second half-year 2025 and full year 2025
Globenewswire· 2026-03-27 17:30
Ghent, 27 March 2026 – 18:30 – Press release / regulated information – inside information ABO-Group Environment achieves its revenue target with double-digit growth in 2025. Highlights 2025 With revenue of EUR 106.5 million and double-digit growth of 11.1% (up by EUR 10.6 million) compared with 2024, ABO-Group Environment achieved its 2025 revenue target. The acquisitions completed in 2024, with a full-year effect, and in 2025 together accounted for 7.5% of this growth, alongside organic growth of 3.6%.The ...
Hitek Global Inc. Announces Pricing of $3 Million Registered Direct Offering
Prnewswire· 2026-03-27 17:29
Hitek Global Inc. Announces Pricing of $3 Million Registered Direct Offering Accessibility StatementSkip Navigation XIAMEN, China, March 27, 2026 /PRNewswire/ -- Hitek Global Inc. (NASDAQ: HKIT) ("Hitek Global" or the "Company"),a China-based information technology consulting and solutions service provider, today announced that it has entered into securities purchase agreements with certain institutional investors for the purchase and sale of 100,000,000 Shares of Class A Ordinary Shares (the "Shares") ...
Nvidia's Recent Correction Is An Opportunity, Not A Warning
Seeking Alpha· 2026-03-27 17:27
It's an interesting time for investors in Nvidia Corporation ( NVDA ), the world's largest company and leading provider of chips and software solutions serving the massive AI frenzy we've seen in recent years.Here at PropNotes, I focus on uncovering high-yield investment opportunities for individual investors.With a background in professional prop trading, my goal is to break down complex concepts into clear, actionable insights that help you achieve better returns.Follow me today and take control of your p ...
Magnum Goldcorp Inc. Announces Second Amendment to Amalgamation Agreement with Atlantico Energy Metals, Delisting from TSX Venture Exchange, Anticipated Listing on Canadian Securities Exchange and Postponement of Warrant Amendments
TMX Newsfile· 2026-03-27 17:27
West Vancouver, British Columbia--(Newsfile Corp. - March 27, 2026) - Magnum Goldcorp Inc. (TSXV: MGI) (the "Company" or "Magnum") is pleased to announce that it has entered into a second amending agreement dated March 26, 2026 (the "Second Amendment") to the amalgamation agreement dated October 27, 2025, as amended January 12, 2026 (the "Agreement"), with Atlantico Energy Metals Corp. ("Atlantico") to acquire all of the outstanding shares of Atlantico (the "Transaction"), previously disclosed in the Compa ...
Siemens Healthineers AG (SMMNY) Discusses Q2 Pre-Close Outlook With Focus on Foreign Exchange and Tariff Headwinds Prepared Remarks Transcript
Seeking Alpha· 2026-03-27 17:26
PresentationUnknown Executive Welcome to our pre-close catch-up for Q2 fiscal year 2026, which was recorded on March 23, 2026. This content will neither be amended nor updated at any time. With this Q2 episode of our pre-close catch-up, we aim at having everyone on the same page regarding our upcoming Q2 fiscal year 2026 before we go into silent period. We sum up and repeat relevant topics, which were communicated in public as potentially relevant for the upcoming quarter and address current macro topics, ...
S&P500: US Stocks Sink as Oil Spike and War Fears Trigger Broad Selloff
FX Empire· 2026-03-27 17:25
EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersFXEmpire is owned and operated by Empire Media Network LTD., Company Registration Number 514641786, registered at 7 Jabotinsky Road, Ramat Gan 5252007, Israel. The content provided on this website includes general news and publications, our personal analysis and opinions, and materials provided by third parties. This content is intended for educational and research purposes only. It does not constitute, and should not be interpreted a ...
Micron's stock bounces, as an analyst offers a reality check on the recent panic
MarketWatch· 2026-03-27 17:24
Micron Technology shares were on pace to snap a six-session losing streak Friday, with an analyst likening the recent market freakout over memory stocks to last winter's DeepSeek saga that ultimately ... ...
59-year-old pizza chain franchisee shuts locations, no bankruptcy
Yahoo Finance· 2026-03-27 17:17
An economic downturn in the fast-food pizza dining sector has led to franchisees closing hundreds of locations and, in some cases, filing for bankruptcy protection. Popular pizza chain Papa John's shared in its fourth-quarter earnings call that it will close 300 underperforming restaurants, including 200 by the end of 2026. Papa John’s also said it would cut 7% of its workforce. The company did not reveal when it will close the remaining 100 restaurants. Domino's Pizza Enterprises, the largest franchise ...
Microsoft Is Down 24% This Year While Spending $30B a Quarter on AI
247Wallst· 2026-03-27 17:15
Microsoft Is Down 24% This Year While Spending $30B a Quarter on AI - 24/7 Wall St. S&P 5006,416.90 -1.27% Dow Jones45,509.20 -1.29% Nasdaq 10023,308.80 -1.48% Russell 20002,464.76 -1.62% FTSE 1009,989.00 +0.30% Nikkei 22551,882.00 -1.52% Stock Market Live March 27, 2026: S&P 500 (SPY) Slips Despite Trump Deadline Extension Investing Microsoft Is Down 24% This Year While Spending $30B a Quarter on AI By David BerenPublished Mar 27, 1:15PM EDT Quick Read Microsoft (MSFT) posted Q2 FY2026 revenue of $81.27 ...