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]
This Zacks Tool Makes Finding Artificial Intelligence Exposure Easy
ZACKS· 2026-03-17 01:20
Key Takeaways Zacks Thematic Screens lets you dive into 30 dynamic investment themes shaping the future.The AI thematic screen provides an easy way to find exposure. NVIDIA continues to be at the forefront of the broader AI revolution. Zacks Thematic Screens lets you dive into 30 dynamic investment themes shaping the future. Whether you're interested in cutting-edge technology, renewable energy, or healthcare innovations, our themes help you invest in ideas that matter to you.For those interested in viewing ...
Oil jumps over 2% as doubts linger over U.S.-backed plan to protect Strait of Hormuz shipping
CNBC· 2026-03-17 01:17
Oil prices headed for weekly gains as of Friday, despite the U.S. issuing a 30-day license for countries to buy Russian oil and petroleum products at sea.The Wall Street Journal reported that the U.S. would soon announce a coalition of countries to escort ships through the Strait, citing officials.U.S. Treasury Secretary Scott Bessent said Monday that the U.S. was allowing Iranian oil tankers to pass through the Strait of Hormuz.International benchmark Brent crude gained 2.45% to $102.57 per barrel, while t ...
Oil gains over 2% as market weighs Iran war supply risks
Reuters· 2026-03-17 01:13
Oil prices rose more than 2% in early trade on Tuesday, reversing some of the previous session's losses, on worries about supply with the Strait of Hormuz mostly shut and U.S. allies rebuffing calls to send warships to help tankers move through the vital waterway. ...
Collective Metals Closes First Tranche of Flow Through Private Placement Financing
Globenewswire· 2026-03-17 01:11
Core Viewpoint - Collective Metals Inc. has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of $1,075,000 through the issuance of flow-through units for its exploration activities in Canada [1][2]. Group 1: Offering Details - The first tranche involved the issuance of 5,375,000 flow-through units at a price of $0.20 per unit, each consisting of one common share and one half of a common share purchase warrant [1]. - Each warrant allows the holder to purchase one common share at a price of $0.25 for a period of 24 months from issuance [1]. - The gross proceeds will be allocated to eligible Canadian exploration expenses related to the Rocas Uranium Project in Saskatchewan, with all qualifying expenditures renounced in favor of the subscribers effective December 31, 2026 [2]. Group 2: Finder's Fees - In connection with the closing of the first tranche, the company paid $67,750 in cash and issued 376,250 finder's warrants as finder's fees [3]. - Each finder's warrant entitles the holder to acquire one common share at a price of $0.25 for a period of 24 months from issuance [3]. Group 3: Project Overview - The Rocas project spans 4,002 hectares and is located 75 kilometers southwest of the Key Lake Mine, featuring several uranium showings with historical mineralized outcrop grab samples grading up to 0.5 wt.% U3O8 [7]. - Notably, none of the historical uranium occurrences have been drill-tested, indicating potential for future exploration [7]. Group 4: Company Profile - Collective Metals Inc. specializes in resource exploration, focusing on critical and precious metals in North America [6].
Ondas Q4 Earnings Preview: Not Undervalued Until We See Profits
Seeking Alpha· 2026-03-17 01:09
Core Viewpoint - The article discusses the journey of an individual transitioning from a potential career in politics to a focus on value investing, emphasizing the importance of risk management and long-term wealth growth [1] Group 1: Career Transition - The individual initially pursued a career in politics but faced challenges that led to a shift towards finance and investment [1] - After experiencing financial setbacks in 2019, the decision was made to study value investing to create wealth and mitigate risks [1] Group 2: Professional Experience - From 2020 to 2022, the individual worked in a sales role at a law firm, where they became the top-grossing salesman and managed a team, contributing to sales strategy [1] - The experience gained during this period was instrumental in assessing company prospects based on sales strategies [1] Group 3: Investment Advisory Role - Between 2022 and 2023, the individual served as an investment advisory representative with Fidelity, focusing on 401K planning [1] - Despite excelling in this role and passing Series exams ahead of schedule, there was frustration due to the reliance on modern portfolio theory, which conflicted with the individual's value investing approach [1] Group 4: Current Endeavors - In November 2023, the individual began writing for Seeking Alpha, sharing investment opportunities and insights with readers [1] - The articles serve as a platform for the individual to document their investment journey and the opportunities they pursue [1]
Pilgrim's Pride: Attractively Priced Near Its Lows
Seeking Alpha· 2026-03-17 01:05
Core Viewpoint - Shares in Pilgrim's Pride (PPC), a chicken and pork producer, have significantly underperformed compared to the broader market and its peers in the staples sector, currently trading at the bottom end of its 52-week range [1] Group 1: Company Performance - Pilgrim's Pride shares are noted to be trading at the bottom end of their 52-week range, indicating a potential undervaluation [1] - The company's performance has lagged behind both the market and its peers in the staples sector, suggesting challenges in competitiveness or market perception [1]
Chef Jon-Luc Maggi of Tiki Tom's wins Battle of the Blades in Napa, named Sysco Northern California Culinary Artisan of the Year
Globenewswire· 2026-03-17 01:05
Core Insights - Chef Jon-Luc Maggi has been awarded Culinary Artisan of the Year after winning the Battle of the Blades competition hosted by Sysco Corporation [1][2] Group 1: Competition Details - The final round featured Chef Jon-Luc Maggi competing against Chef Robert Root and Chef Dean Hiatt, with a five-judge panel evaluating based on visual appeal, creativity, execution, ingredient use, and taste [2] - Each finalist utilized an unlimited selection from the Sysco Pantry along with three mystery ingredients, resulting in Chef Maggi's winning dish of tarragon marinated lamb chops [3] Group 2: Sysco Corporation Overview - Sysco is the global leader in food distribution, serving various sectors including restaurants, healthcare, and educational facilities, with over 339 distribution centers across 10 countries [7] - The company reported sales exceeding $81 billion for the fiscal year 2025, which ended on June 28, 2025 [7] - Sysco provides customized supply chain solutions and culinary support to help customers innovate and optimize their operations [8]
GO CLASS ACTION NOTICE: Glancy Prongay Wolke & Rotter LLP Files Securities Fraud Lawsuit On Behalf Of Grocery Outlet Holding Corp. Investors
Businesswire· 2026-03-17 01:02
GO CLASS ACTION NOTICE: Glancy Prongay Wolke & Rotter LLP Files Securities Fraud Lawsuit On Behalf Of Grocery Outlet Holding Corp. Investors GO CLASS ACTION NOTICE: Glancy Prongay Wolke & Rotter LLP Files Securities Fraud Lawsuit On Behalf Of Grocery Outlet Holding Corp. Investors Share LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay Wolke & Rotter LLP("GPWR†), announces that it has filed a class action lawsuit in the United States District Court for the Northern District of California, captioned Jones v. G ...
Atour Lifestyle Holdings Limited (NASDAQ:ATAT) Gears Up for Quarterly Earnings Release
Financial Modeling Prep· 2026-03-17 01:01
Core Viewpoint - Atour Lifestyle Holdings Limited (ATAT) is positioned for strong financial performance with expected earnings per share (EPS) of $0.46 and projected revenue of $405.1 million for the upcoming quarterly earnings on March 17, 2026 [1][6] Financial Performance - ATAT's Q4 2025 results indicate promising performance, with a "Buy" rating attributed to strong revenue per available room (RevPAR) and successful product upgrades, which are expected to drive revenue and net profit margins beyond market expectations [2][6] - The company has a price-to-earnings (P/E) ratio of 22.70, indicating that investors are willing to pay $22.70 for every dollar of earnings, and a price-to-sales ratio of 3.68, reflecting the market's valuation of each dollar of sales [3][6] Financial Health - ATAT's earnings yield stands at 4.40%, suggesting a favorable return on investment, while a debt-to-equity ratio of 0.44 indicates a moderate level of debt compared to equity, showcasing a balanced financial structure [4][6] - The current ratio of 2.16 demonstrates that the company has more than twice the current assets compared to its current liabilities, indicating strong short-term financial stability [4][6] Strategic Initiatives - In response to a slowdown in industry supply growth, ATAT is strategically accelerating its net unit additions, which is expected to enhance market share and drive earnings growth in fiscal year 2026 [5]