ShipBob is reportedly planning to launch its initial public offering (IPO) as soon as late 2024. The listing could value the eCommerce fulfillment service provider at about $4 billion, Bloomberg reported Friday (April 19), citing unnamed sources. The firm has tapped J.P. Morgan Chase to lead its IPO and is also working with Citigroup, according […]
Rippling is reportedly in discussions to raise $870 million at a valuation of $13.4 billion. This round would include a $200 million injection of capital and $670 million of shares being sold by existing stockholders, TechCrunch reported Tuesday (April 16), citing unnamed sources. Reached by PYMNTS, Rippling declined to comment on the report. This funding would be the […]
It plans to sell 6.6 million shares of its class A common stock at $88 apiece, exceeding its earlier price range of $76-$84 apiece, Ibotta added. Increased buzz around artificial intelligence and hopes of a rebound in the U.S. IPO market from a two-year slump, buoyed by a possible soft landing for the economy have encouraged more tech companies to test the IPO waters. Ibotta, founded in 2011, provides a platform for brands to deliver promotions to customers and offer cash back rewards on their...
The company has created a workforce management platform that aims to put employee data into a single location to save time for businesses. : Rippling raises $200m at $13.5bn valuation to boost platform
Bengaluru-based Swiggy has received a go-ahead from its shareholders for its initial public offering (IPO), as per regulatory filings. The food and grocery delivery company plans to raise up to Rs 3,750 crore ($450 million) in fresh capital, in addition to an offer-for-sale (OFS) component of up to Rs 6,664 crore ($800 million), according to filings made with the Registrar of Companies.Swiggy, which is yet to file its IPO documents with the country’s capital markets regulator Securities and...
Charging electric vehicles at home will exceed most power lines' capacity.
Cybersecurity software firm Rubrik, which counts Microsoft among its prominent investors, is aiming to raise as much as $713 million in its initial public offering, according to a person familiar with the matter. Palo Alto, California-based Rubrik is planning to sell 23 million shares priced between $28 and $31 per share, the source said on condition of anonymity because the discussions are confidential. At the upper end of the range, Rubrik would be valued at about $5.4 billion, the source...
Singapore’s Temasek and US’ Fidelity are in advanced discussions to invest around $200 million in Lenskart through a secondary share sale at a valuation of about $5 billion, three people aware of the matter said.To put this in perspective, the round would take the homegrown eyewear company’s valuation to over three times that of Warby Parker, a New York-based online retailer for spectacles and contact lens. Warby Parker listed on the NYSE late in 2022 and has a market capitalisation of around...
The Microsoft-backed cloud data platform raised a total of $736 million.
Today Xiaomi has announced the rollout of HyperOS 1.0 for the Redmi Note 13 5G series in India - namely, the Redmi Note 13 5G, the Redmi Note 13 Pro 5G, and the Redmi Note 13 Pro+ 5G. These devices launched last year running Android 13 with MIUI 14 on top. HyperOS introduces "comprehensive refactoring" for optimized performance on all devices, promising smoother gameplay with better power consumption. Task scheduling is also improved, maximizing performance by distributing tasks across...
Late-stage HR tech startup Rippling is raising new capital. The company’s new round, which has not yet closed, would inject $200 million into Rippling with another $670 million worth of shares being sold by existing stockholders, according to two people familiar with the deal. This will be Rippling’s Series F and could raise its valuation […] © 2024 TechCrunch. All rights reserved. For personal use only.
CVC Capital Partners, a Luxembourg-based private equity group, aims to raise €1.25 billion through a listing in Amsterdam in the coming weeks involving both new and existing shares. The company, founded over 40 years ago, officially confirmed its plans on Monday, after two earlier attempts failed because of volatility on the financial markets. The company has €186 billion in assets under management and invests in companies, debt and infrastructure. CVC has a workforce of 1,154 people, of whom...