Oh look, TripActions raised at a $9.2B valuation after reported $12B IPO filing

TripActions, a corporate travel and expenses company, has raised a combination of equity and debt at a post-money valuation of $9.2 billion, up from its prior valuation of $7.5 billion. The funding is a $154 million equity round from investors including returning investors Andreessen Horowitz and Premji Invest, and a $150 million structured financing deal from Coatue.
The deal comes weeks after the Palo Alto-based company was said to have filed confidentially to go public in the second quarter of next year at a $12 billion valuation. Totaling $304 million, the Series G financing has been in th

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