Business travel startup TripActions has filed confidential paperwork for a public listing next year, Business Insider reported , citing an unnamed source. The report said it had hired Goldman Sachs to handle the listing. Ariel Cohen and Ilan Twig founded the Palo Alto, Calif.-based startup in 2015. It’s raised $1.6 billion and was most recently valued at $7.25 billion in October 2021,...
TripActions Said to File Confidentially for IPO
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Challenging! That’s the euphemism of the moment, used by way too many tech CEOs (including Tim Cook and Sundar Pichai tonight and Mark Zuckerberg and Evan Spiegel in recent days) to describe either 2022 or the current moment or both. Translated from corporate-speak into conversational English, it means business is bad. Just how bad became clear from the December-quarter results reported...
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