HR startup Rippling is in discussions to raise at a $13.4B valuation, up from $11.25B [TechCrunch]
First Citizens BancShares, Inc. - Class A (FCNCA)
US:NASDAQ Investor Relations:
firstcitizens.com/about/who-we-are/annual-report
Company Research
Source: TechCrunch
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 to as high as $13.4 billion on a post-money basis, up from the $11.25 billion valuation it reached when it last raised capital in a $500 million Series E just a year ago. Rippling had raised $1.2 billion total previous to this round. Reached earlier today, a Rippling spokesperson declined to comment. Rippling's last round came together during the Silicon Valley Bank crisis, when Rippling's funds were suddenly frozen . Rippling founder and CEO Parker Conrad took to X and worked the phones with his banks, investors, and its own customers to raise the cash needed to cover everyone's payrolls. In this round, existing investor Napolean Ta at Founders Fund is prepared to invest up to another $310 million, per a source familiar with the transaction, which could be one of the largest checks that F
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FCNCA
Earnings
- 4/25/24 - Beat
FCNCA
Sec Filings
- 4/26/24 - Form 144
- 4/25/24 - Form 8-K
- 4/8/24 - Form PX14A6G
- FCNCA's page on the SEC website