Following unionization, Glitch signs collective bargaining agreement

In another key moment for the growing tech labor movement, Glitch employees today announced that they have signed a collective bargaining agreement with the company. The move comes a year after the site’s workforce voted to join the Communications Workers of America Local 1101. “We’re excited that Glitch workers have signed their first-ever contract, a […]
https://tcrn.ch/30am1l2

Vestiaire Collective raises $216 million for its second-hand fashion platform

Vestiaire Collective announced a new funding round. The company has raised $216 million, or €178 million — it has reached a valuation above $1 billion, making it a unicorn. French fashion and luxury group Kering is leading the round with Tiger Global Management. Kering now owns 5% of Vestiaire Collective. The startup operates an online marketplace […]
https://tcrn.ch/303GoAH

Coupang may raise up to $3.6 billion in its IPO, at a potential valuation of $51 billion

According to an amended S-1 filing, South Korean e-commerce leader Coupang expects to price its initial public offering between $27 to $30 per share, potentially raising up to $3.6 billion. After the IPO, Coupang will have a total of 1.7 billion shares outstanding, including Class A and Class B. This means the means the pricing […]
https://tcrn.ch/2PlDnJD