HR unicorn Deel prepares for IPO as soon as 2026 after revenue jump

Key Points

Human resources software startup Deel has hit an annual revenue run rate of $800 million, the company told CNBC.
Deel also added two major new shareholders to its capitalization table, General Catalyst and Abu Dhabi sovereign wealth fund Mubadala, as part of a $300 million secondary share sale.
“We are getting ready to go out, potentially next year or a bit later,” Deel CEO Alex Bouaziz told CNBC, discussing the firm’s IPO plans.

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Finance

Iran war and stocks: Why Global X says ‘it might be time to double down’ on emerging markets

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ETF Edge Iran war and stocks: Why Global X says ‘it might be time to double down’ on emerging markets Published Thu, Mar 5 20267:00 AM EST Blair Bao WATCH LIVE Source

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China to reportedly boost defense spending by 7%, slowest pace since 2021

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Key Points China reportedly plans to raise defense spending by 7% this year, the slowest increase since 2021. China kicks off an 8-day parliamentary meeting Thursday. Beijing ranks second to the U.S. in military spending. Source

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Check out the companies making headlines in after-hours trading. Okta — Okta beat Wall Street’s fourth-quarter expectations , leading shares of the identity security provider to add about 2%. Okta reported adjusted earnings of 90 cents per share on $761 million in revenue, exceeding analysts’ estimate of 85 cents per share in earnings and $749 […]