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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]
It's like the Sun exploding: One Wall Street firm fears $200 oil – and says it's not too late for investors to prepare
MarketWatch· 2026-03-24 10:37
Citi sees oil prices reaching as high as $200 in a scenario where disruptions continue through the end of June. ...
Croxsons introduces new lightweight glass packaging solution
Yahoo Finance· 2026-03-24 10:35
UK-based Croxsons has rolled out Rightweight, a new glass packaging solution designed to balance material reduction and functionality in bottles and jars. The Rightweight approach aims to remove unnecessary glass from each package while preserving product strength. Croxsons said this method can decrease the weight of glass packaging by as much as 30%, resulting in lighter bottles and jars without compromising their structural integrity. By reducing overall glass use, the company notes that packaging be ...
Morning Bid: From 48 hours to five days
Yahoo Finance· 2026-03-24 10:35
By Mike Dolan March 24 - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets As President Trump’s 48-hour countdown to attacks on Iranian power plants becomes five days thanks to an apparent breakthrough with Tehran, markets are as confused as anybody about who exactly ‌is talking to who. U.S. and Iranian messaging on the matter differs starkly. Trump's announcement caused wild market swings on Monday, with oil plunging, stocks rallying, ‌and yields easin ...
TNC Stock Drop: Tennant Company Investors with Losses Notified of Rights in Pending Securities Fraud Investigation After Stock Plummeted 23%
Prnewswire· 2026-03-24 10:35
TNC Stock Drop: Tennant Company Investors with Losses Notified of Rights in Pending Securities Fraud Investigation After Stock Plummeted 23% Accessibility StatementSkip Navigation BFA Law is investigating Tennant Company after its stock plummeted 23% due to issues with its ERP system, potentially violating federal securities laws. Tennant manufactures industrial cleaning equipment, including large mechanical floor scrubbers and sweepers used in warehouses, retail stores, and other commercial facilities. BFA ...
Oakbridge Insurance announces leadership transition
Yahoo Finance· 2026-03-24 10:33
Oakbridge Insurance has announced a series of leadership changes scheduled to take effect on 1 July 2026. Robbie Smith, currently president and CEO, will take on the position of executive chairman. Matt James, who at present holds the positions of chief financial officer (CFO) and chief acquisition officer, will become CEO. In his new capacity, Smith will continue to shape the company’s strategic direction and focus on talent development and partnership growth. Trae Vaughan, currently managing directo ...
You're Up 150% On Planet Labs, What To Do Now?
Seeking Alpha· 2026-03-24 10:33
Planet Labs PBC ( PL ) delivered a particularly strong 4Q26 beat, and the stock saw significant upside of about 25%. Revenue came in at $86.8 million, a figure that exceeded expectations by about $8.7 million, while the non-GAAP EPSI hold a Master’s degree in Cell Biology and began my career working for several years as a lab technician in a drug discovery clinic, where I gained extensive hands-on experience in cell culture, assay development, and therapeutic research. That scientific foundation gave me an ...
EOSE Stock Drop: Eos Energy Investors with Losses Notified of Rights in Pending Securities Class Action After Stock Plummeted 39%
Prnewswire· 2026-03-24 10:33
Investors have until May 5, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Eos Energy securities. The case is pending in the U.S. District Court for the District of New Jersey and is captioned Yung v. Eos Energy Enterprises, Inc., et al., 2:26-cv-02372. Why is Eos Energy Being Sued for Securities Fraud? EOSE Stock Drop: Eos Energy Investors with Losses Notified of Rights in ...
SMR Stock Drop: NuScale Power Investors with Losses Notified of Rights in Pending Securities Class Action After Stock Plummeted 12%
Prnewswire· 2026-03-24 10:33
SMR Stock Drop: NuScale Power Investors with Losses Notified of Rights in Pending Securities Class Action After Stock Plummeted 12% Accessibility StatementSkip Navigation A securities fraud class action has been filed against NuScale executives alleging misrepresentations about ENTRA1 leading to a 12.4% stock plunge. NEW YORK, March 24, 2026 /PRNewswire/ -- Leading securities law firm Bleichmar Fonti & Auld LLPannounces that a class action lawsuit has been filed against NuScale Power Corporation (NYSE:SMR) ...
CWH Stock Drop: Camping World Investors with Losses Notified of Rights in Pending Securities Class Action After Stock Plummeted 24%
Prnewswire· 2026-03-24 10:33
CWH Stock Drop: Camping World Investors with Losses Notified of Rights in Pending Securities Class Action After Stock Plummeted 24% Accessibility StatementSkip Navigation Camping World faces securities fraud allegations for misrepresenting its inventory management, causing a 24% single day stock drop; investors urged to act by May 11, 2026. NEW YORK, March 24, 2026 /PRNewswire/ -- Leading securities law firm Bleichmar Fonti & Auld LLPannounces that a class action lawsuit has been filed against Camping World ...