Rippling in Funding Talks at More Than $13 Billion Valuation [BNN Bloomberg (Canada)]
First Citizens BancShares, Inc. - Class A (FCNCA)
US:NASDAQ Investor Relations:
firstcitizens.com/about/who-we-are/annual-report
Company Research
Source: BNN Bloomberg
The company plans to raise about $500 million in the deal, said one of the people, who asked not to be identified because the information is private. A representative for Rippling said the information wasn't accurate, but declined to provide further comment. The talks with investors are ongoing, with plans to finalize terms within a few weeks, one of the people said. The discussions are still fluid and the numbers could change. Founded in 2016, Rippling raised $500 million last year in a dramatic deal during the collapse of Silicon Valley Bank. The financing came together extremely quickly after the company's accounts were frozen at SVB — threatening its ability to process payroll for its customers, and throwing thousands of workers' paychecks into limbo. Chief Executive Officer Parker Conrad later called the SVB crash and his fast fundraising “probably the most stressful day of my life.” Rippling was valued at more than $11 billion after that round. The San Francisco-based
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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