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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]
This Stock Yields 6.6% and Has a 127-Year Streak of Never Cutting Its Dividend. Here's Why It's a Buy Now.
Yahoo Finance· 2026-03-29 21:09
The sell-off in General Mills has pushed its yield up to a multidecade high of 6.6%. Here's why the dividend stock is a buy now. When folks think about investing in the stock market, they often view it through the lens of compound returns over time. But some investors may primarily invest in stocks to generate passive income rather than capital gains -- especially those looking to supplement retirement income. General Mills (NYSE: GIS) has an incredibly impressive 127-year streak of not cutting its dividend ...
INVESTOR ALERT: Eos Energy Enterprises, Inc. (EOSE) Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Prnewswire· 2026-03-29 21:00
INVESTOR ALERT: Eos Energy Enterprises, Inc. (EOSE) Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit Accessibility StatementSkip Navigation SAN DIEGO, March 29, 2026 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLPannounces that purchasers or acquirers of Eos Energy Enterprises, Inc. (NASDAQ: EOSE) securities between November 5, 2025 and February 26, 2026, both dates inclusive (the "Class Period"), have until Tuesday, May 5, 2026 to seek appointment as lead plaint ...
Why Rocket Pharmaceuticals (RCKT) Got a Commercial Boost From FDA Approval of KRESLADI
Yahoo Finance· 2026-03-29 20:54
Rocket Pharmaceuticals, Inc. (NASDAQ:RCKT) is one of the penny stocks with the potential to rise 1000 percent. On March 27, Rocket Pharmaceuticals said the FDA approved KRESLADI for a rare pediatric disorder, giving the company its first marketed product and a key regulatory win after a long review path. The company said the approval also makes KRESLADI the first FDA-approved gene therapy for this condition, which gives Rocket a commercial foothold in an ultra-rare disease market. The bigger takeaway is ...
How Datavault AI (DVLT) Reached Its First Profitable Quarter and Set a 2026 Growth Target
Yahoo Finance· 2026-03-29 20:53
Datavault AI Inc. (NASDAQ:DVLT) is one of the penny stocks with the potential to rise 1000 percent. On March 19, 2026, Datavault AI reported its first profitable quarter and record revenue growth for fiscal 2025. The company said fourth-quarter revenue reached $33.8 million, up 3,650% year over year, while operating profit improved to $4.2 million from a $6.3 million loss a year earlier. It also reported a net profit of $661 thousand for the quarter, which it described as the first in its history. For the ...
The problem for investors: We don't know how Trump wants the Iran war to end
CNBC· 2026-03-29 20:53
We're not used to so many things going wrong at the same time, especially when, as the days go on, they can't suddenly go right. Moreover, we can't process something that seems unfathomable — a short war —when the calendar says it's no longer short. We also can't adjust to the notion that no matter what we do —as in the United States and the Israelis as allies — we can't defeat what we thought was a country in Iran with limited war-making abilities. The efforts we have made, the bombings we've delivered, an ...
Why Vertical Aerospace (EVTL) Is Expanding Its Valo Supplier Network Ahead of Certification
Yahoo Finance· 2026-03-29 20:52
Vertical Aerospace Ltd. (NYSE:EVTL) is one of the penny stocks with the potential to rise 1000 percent. On March 27, Vertical Aerospace said it selected Italy-based Isoclima S.p.A. as a strategic supplier for the full transparency suite on its Valo aircraft, including pilot and passenger canopies and glazing systems. The company said the long-term partnership is intended to support the program through certification, production, and entry into commercial service, while adding Isoclima to a supplier roster ...
Why UBS Started Jasper Therapeutics (JSPR) at Neutral Despite Progress in Briquilimab
Yahoo Finance· 2026-03-29 20:50
Jasper Therapeutics, Inc. (NASDAQ:JSPR) is one of the penny stocks with the potential to rise 1000 percent. UBS initiated coverage of Jasper Therapeutics on March 23, 2026, with a Neutral rating and a $1.50 price target, arguing that competition in the space could limit upside. The note also said investors likely want to see longer-term durability data, with limited near-term catalysts, before topline data from the BEACON Phase 2b study in chronic spontaneous urticaria, or CSU, expected in 2027. Why UBS ...
Why Rezolve AI (RZLV) Is Betting Big on Reward Loyalty to Scale Commerce Media and Payments
Yahoo Finance· 2026-03-29 20:49
Rezolve AI PLC (NASDAQ:RZLV) is one of the penny stocks with potential to rise 1000 percent. Rezolve AI said on February 10 that it had agreed to acquire Reward Loyalty UK Limited in an all-cash deal valued at $230 million, with the purchase funded from existing resources. The company described the transaction as non-dilutive, meaning it does not require the issuance of new equity, and said the acquisition is expected to add about $90 million of EBITDA-accretive revenue. Why Rezolve AI (RZLV) Is Betting ...
Why agilon health (AGL) Is Doing a 1-for-25 Reverse Split to Stay NYSE-Compliant
Yahoo Finance· 2026-03-29 20:48
agilon health, inc. (NYSE:AGL) is one of the penny stocks with potential to rise 1000 percent. agilon health said on March 18, 2026, that it would implement a 1-for-25 reverse stock split of its common stock as it works to regain compliance with the New York Stock Exchange’s minimum bid price requirement. The company said the reverse split is expected to become effective on March 30, 2026, at around 5:01 p.m. Eastern Time, with shares expected to begin trading on a split-adjusted basis on March 31 under t ...