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]
S&P 500 Snapshot: Index Inches Closer To Correction Territory
Seeking Alpha· 2026-03-29 04:30
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IBRX Investors Have Opportunity to Lead ImmunityBio, Inc. Securities Fraud Lawsuit with the Schall Law Firm
Businesswire· 2026-03-29 04:13
IBRX Investors Have Opportunity to Lead ImmunityBio, Inc. Securities Fraud Lawsuit with the Schall Law Firm Mar 29, 2026 12:13 AM Eastern Daylight Time IBRX Investors Have Opportunity to Lead ImmunityBio, Inc. Securities Fraud Lawsuit with the Schall Law Firm Share This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. Contacts The Schall Law Firm Brian Schall, Esq., www.schallfirm.comOffice: 310-301-3335 info@schallfirm.com LOS ANGELES- ...
Stay Away From Home Depot Amid Macroeconomic Headwinds (Rating Downgrade)
Seeking Alpha· 2026-03-29 03:59
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Past performance is not an indicator of future performance. This post is illustrative and educational ...
Natural Gas Services: Due For A Valuation Re-Rating
Seeking Alpha· 2026-03-29 03:59
I am a Licensed Professional Engineer who works in the Nuclear Power industry. I use my professional working knowledge of the power/energy industries to aid in evaluating potential equities worthy of long-term investment. I invest in income producing equities and rental real estate properties for cash flow and long-term appreciation. My articles are to serve as a platform for presenting the underlying fundamentals and long-term potential of each equity/business.Analyst’s Disclosure: I/we have a beneficial l ...
eBay Stock: Marketplace, With Greater Ambitions (NASDAQ:EBAY)
Seeking Alpha· 2026-03-29 03:43
If you like to see more ideas, please subscribe to the Investing Group "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situations and names on request! At the start of the year, I concluded that eBay ( EBAY ) was both improving and fully re-rated at the same time. Shares had seen a spectacular re-rating in recent years, albeit from a low valuati ...
Elon Musk's xAI Loses Last Original Co-Founder Ahead Of SpaceX IPO: Report
Benzinga· 2026-03-29 03:42
According to the report, he was a key figure at xAI, reporting directly to Musk and overseeing the company's operations. Elon Musk's last original co-founder at xAI, Ross Nordeen, has reportedly resigned. This marks the end of an era for the company, which is now undergoing a major reorganization as it prepares for a high-profile IPO. Last Original Co-Founder Departs xAI Nordeen, one of the 11 co-founders who helped launch xAI with Musk, has left the company, Business Insider reported, citing sources. The 3 ...
WMK Investors Have Opportunity to Join Weis Markets, Inc. Fraud Investigation with the Schall Law Firm
Businesswire· 2026-03-29 03:38
WMK Investors Have Opportunity to Join Weis Markets, Inc. Fraud Investigation with the Schall Law Firm Mar 28, 2026 11:38 PM Eastern Daylight Time WMK Investors Have Opportunity to Join Weis Markets, Inc. Fraud Investigation with the Schall Law Firm Share LOS ANGELES--(BUSINESS WIRE)-- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Weis Markets, Inc. ("Weis Markets†or "the Company†) (NYSE: WMK) for violations of the s ...
Seagate Stock: Outperforming Tech While Still Undervalued Today (NASDAQ:STX)
Seeking Alpha· 2026-03-29 03:33
Now you can get access to the latest and highest-quality analysis of recent Wall Street buying and selling ideas with just one subscription to Beyond the Wall Investing ! There is a free trial and a special discount of 10% for you. Join us today!I wrote about Seagate Technology Holdings ( STX ) only once, in January 2026, rating the stock as a "Buy" because it seemed to me at theDaniel Sereda is chief investment analyst at a family office whose investments span continents and diverse asset classes. This req ...
Fastly: The Future Is Bright, But Watch For These Threats
Seeking Alpha· 2026-03-29 03:29
Edge cloud specialist Fastly, Inc. ( FSLY ) has racked up huge gains for shareholders in the past several weeks. What’s more, earnings estimates for this year forecast triple-digit growth, with double digit gains in 2027.Robert F. Abbott has been investing his family’s accounts since 1995, and in 2010 added options, mainly covered calls and collars with long stocks. He is a freelance writer, and his projects include a website that provides information for new and intermediate-level mutual fund investors. A ...