![]() In May, Instacart confidentially filed for an IPO with the U.S.įor employees who hold options that are underwater, they can be granted additional options as well as the potential for growth. "And if it doesn't complete the IPO for a year or more, employees can now see that it is going through the process, and has good options packages for new employees." "It's a good business move to start looking, testing the waters, see what interest there is for the business," according to Kyle Stanford, senior VC analyst at PitchBook. SpaceX is offering to sell shares in an employee tender, according to a report from the New York Post on Tuesday. While it's unclear if founder Elon Musk may take part in the sale to help fund his acquisition of Twitter, the deal would see SpaceX shares offered at $70 each, valuing the company at around $125 billion. ![]() The company last raised $337 million in December at a $100 billion valuation. Brex and the success of start-upsīrex's core business has benefited from the venture capital boom, with its unsecured, high-limit business charge card used by many privately funded start-ups. Brex says it has more than 10,000 corporate customers. "We were disrupting the traditional industry for credit cards by giving limits to start-up companies and technology companies that couldn't get access to it," Dubugras told CNBC as it was named to the Disruptor list for the second year in a row on Tuesday. "As we evolved, these companies grew to be a lot larger than when they started and they started having new needs – so that's when we went into spend management software and mobile, helping these companies not only scale their spend management but also hire anywhere."īrex, which Dubugras said competes with companies like American Express on the corporate card side and Concur in spend management, looks to erase some of the friction that "adds more bureaucracy and makes the company slower" when it comes to those processes. "Our software tries to increase the speed of the businesses while creating a culture of financial discipline at a global scale," Dubugras said.
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