Human resources software firm Deel has reached an annual revenue run rate of $800 million and is preparing for a potential IPO as early as next year, following a 70% year-over-year revenue increase in December. The company secured new major shareholders, General Catalyst and Mubadala Investment Company, after a $300 million secondary share sale, resulting in a valuation of $12.6 billion. Deel is focusing on strengthening financial audits and compliance processes to ensure readiness for the IPO, and has appointed new board members in preparation for the public offering.
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British man killed by president's convoy in Kenya hit-and-run
A British man, 79-year-old Edgar Riches, was killed in a hit-and-run incident involving a vehicle in Kenyan President William Ruto's convoy on Ngong Road in Nairobi. The driver of the support vehicle, who failed to stop after the accident, has been detained and released on bail pending investigation. This incident has sparked social media uproar, with questions raised about the size and speed of the presidential convoy, leading to calls for more accountability and safety...
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