Mary Ann Azevedo / TechCrunch:
Report: corporate expense management service TripActions, which was last valued at $7.25B, filed confidentially for a US IPO seeking a $12B valuation — TripActions is said to have filed confidentially to go public in the third quarter of next year at a $12 billion valuation.
Natasha Mascarenhas / TechCrunch:
Business travel company TripActions raised a Series G of $154M in equity at a $9.2B valuation, up from $7.25B in October 2021, and $150M in structured financing — TripActions, a corporate travel and expenses company, has raised a combination of equity and debt at a post-money valuation of $9.2 billion …
Dan Primack / Axios:
Instacart is pulling its plans to go public in 2022; the company confidentially filed for an IPO earlier this year — Grocery delivery app Instacart has decided to push its highly anticipated IPO into 2023, believing the current stock market is too volatile, as first reported by The New York Times and confirmed by Axios.
New York Times:
Sources: Instacart is pulling its plans to go public in 2022; the company confidentially filed for an IPO earlier this year — The food delivery company had been moving toward a public offering, but the window for such deals is shutting amid market turmoil.
Mary Ann Azevedo / TechCrunch:
Plaid lays off approximately 260 employees, or 20% of its workforce, citing macroeconomic conditions; the company was valued at ~$13.4B in April 2021 — CEO says the fintech company ‘hired and invested ahead of revenue growth’ — Fintech decacorn Plaid is laying off 260 employees …
Mary Ann Azevedo / TechCrunch:
Plaid lays off approximately 260 employees, or 20% of its workforce, citing macroeconomic conditions; the company was valued at ~$13.4B in April 2021 — CEO says the fintech company ‘hired and invested ahead of revenue growth’ — Fintech decacorn Plaid is laying off 260 employees …
Mary Ann Azevedo / TechCrunch:
All three founders of online trading service Pipe are stepping down as the company looks for a “veteran” CEO; Pipe raised $250M at a $2B valuation in May 2021 — Co-founder Harry Hurst says, ‘We’re 0-1 builders, not at-scale operators.’ — The three co-founders …
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