Report: Airbnb Seeking to Raise Around $3 Billion in IPO
Airbnb, the massively popular do-it-yourself accommodation rental site operator, is seeking to raise roughly $3 billion in its initial public offering (IPO). That's according to a report published last Friday by Reuters, which cited "people familiar with the matter."
If it draws that amount of capital from investors, Airbnb's total valuation could reach more than $30 billion. That's well above the $18 billion valuation it was tagged with following a round of capital raising in April, when the company secured $2 billion in debt funding.
On Aug. 19, Airbnb -- long rumored to be an IPO candidate -- announced it had confidentially filed the regulatory paperwork for such an issue with the Securities and Exchange Commission (SEC). According to Reuters, the company plans to make this filing public after the Nov. 3 election. The actual IPO would come in the following month.
Source Fool.com
