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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]
Virtualware Reports Audited 2025 Results: Margin Improvement and Record Bookings
Globenewswire· 2026-03-30 05:59
Gross margin rises to 93.7%, EBITDA reaches €672K (15.53% margin), and the company moves to a pro forma net cash position Bilbao, March 30, 2026.- Virtualware (Euronext Growth Paris: ALVIR) closed 2025 with a gross margin of 93.7%, up from 86.8% in the prior year, and EBITDA of €672,626 (15.53% margin), according to audited annual results filed today with Euronext. The figures confirm the operational picture outlined in the February preliminary communication and show margin improvement, reflecting disciplin ...
Garanti Bank BBVA agrees to sell Romanian unit to Austria's Raiffeisen for 591 mln euros
Reuters· 2026-03-30 05:39
The transaction covers 100% of the share capital of both companies. Garanti Bank BBVA agrees to sell Romanian unit to Austria's Raiffeisen for 591 mln euros | Reuters Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv A woman walks past a BBVA bank branch in Madrid, Spain, November 15, 2021. REUTERS/Juan Medina Purchase Licensing Rights, opens new tab GDANSK, March 30 (Reuters) - Garanti BBVA (GARAN.IS), opens new tabhas agreed to sell its entire Romanian business ...
BBVA to Sell Romania Business to Raiffeisen for $680 Million
WSJ· 2026-03-30 05:37
The deal is set to make Raiffeisen's Romanian subsidiary the third-largest bank in the country by total assets, the Austrian lender said Saturday. ...
WuXi Biologics Honored with CDMO Leadership Awards for Ninth Consecutive Year
Prnewswire· 2026-03-30 05:33
WuXi Biologics Honored with CDMO Leadership Awards for Ninth Consecutive Year Accessibility StatementSkip Navigation SHANGHAI, March 30, 2026 /PRNewswire/ -- WuXi Biologics ("WuXi Bio") (2269.HK), a leading global Contract Research, Development and Manufacturing Organization (CRDMO), announced that it has won "Biologics CDMO of the Year" (Large CDMOs) in the 2026 CDMO Leadership Awards. The company has also been recognized for excellence across multiple categories for "Large CDMO Biologic", including "B ...
BlackRock funds provide about $57 million to IQM Quantum Computers ahead of US IPO
Reuters· 2026-03-30 05:32
BlackRock funds provide about $57 million to IQM Quantum Computers ahead of US IPO | Reuters Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv AT THE CORE OF TECH STRATEGIES A handout picture shows IQM Radiance that are on-premise quantum computers tailored for high-performance computing (HPC) centres for HPC integration and research, at IQM Showroom, in Espoo,... Purchase Licensing Rights, opens new tabRead more HELSINKI, March 30 (Reuters) - IQM Quantum Compute ...
CNBC Daily Open: Trump's 'favorite thing' is Iranian oil
CNBC· 2026-03-30 05:32
The build up of U.S. troops for a potential ground invasion also confuses the news that face-to-face talks could be just days away. A confusing picture for investors, who seem to have chosen to stay broadly risk averse at the start of the week.Sometimes, two things can be true at the same time. But U.S. President Donald Trump's declaration that he wants to "take Iran's oil," while saying a "peace deal could be made fairly quickly" has left markets seeing the glass half empty in early trading this Monday.Hel ...
Rio Tinto provides Iron Ore update following Tropical Cyclone Narelle
Businesswire· 2026-03-30 05:30
Rio Tinto provides Iron Ore update following Tropical Cyclone Narelle Mar 30, 2026 1:30 AM Eastern Daylight Time Rio Tinto provides Iron Ore update following Tropical Cyclone Narelle Damage to Cape Lambert A is currently being repaired. Shipping at that facility is expected to recommence in the coming days. Including Tropical Cyclone Mitchell in February, recent weather events are estimated to have impacted iron ore shipments by approximately 8 million tonnes. The company has identified a pathway to recover ...
Outcome of Subscription to Coop Pank AS Unsecured Subordinated Bonds
Globenewswire· 2026-03-30 05:30
The public offering of Coop Pank AS (hereinafter Coop Pank) unsecured subordinated bonds ended on Friday, 27 March. In the course of the Offering, up to 10,000 unsecured subordinated bonds of Coop Pank with the name of EUR 6,25 Coop Pank bond 26-2037, with the nominal value EUR 1,000 each, the maturity date 1 April 2037 and fixed interest rate of 6,25% per annum, payable quarterly, were offered. Under the terms of the Offering, in case of oversubscription, Coop Pank had the right to increase the volume of t ...
Gold (XAUUSD) Price Forecast: Can Gold Rally If Treasury Yields Stay Elevated?
FX Empire· 2026-03-30 05:25
Yields and the U.S. Dollar are other factors weighing on prices. The war between the U.S. and Iran is driving oil prices higher, which is feeding inflation concerns. These worries have been enough to push Treasury yields up, while reducing Federal Reserve rate cut expectations. Besides the central bank selling, the jump in yields may have given gold prices a meaningful nudge lower. That’s one factor that the gold bulls don’t seem to want to acknowledge. While they seem to be zeroed in on the geopolitical ri ...