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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Slushy start: warmer winter a downer for ski slopes
The first dustings of winter snow have arrived on Australian mountaintops, but forecasts indicate a slow start to the ski season due to above-average temperatures. While Professor David Karoly from the University of Melbourne suggests that increased rainfall could lead to more snow overall, early season conditions are described as "unfavourable." Climate change is impacting snow seasons, potentially shortening them by 44 days by 2025, and affecting ecosystems, highlighting the urgent need for reduced greenhouse...
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