UPDATE: Airbnb Said Planning Dual Stock Sales to Stave Off IPO; Could Value Co. at Under $30B
(Updated - June 29, 2016 3:04 PM EDT)
Airbnb said planning dual stock sales to delay IPO, according to the WSJ.
(NOTE: The prior headline read that the company was planning dual stock sales for an IPO.)
UPDATE - The latest funding round is said to value the room-rental startup at about $30 billion, sources said.
Airbnb plans to raise around $500 million to $1 billion with the latest financing round, which could come from six or more large, strategic investors.
Another, separate deal has investors looking to buy about $200 million worth of stock from Airbnb employees. Given that that sale will be for common stock versus preferred stock, the sale will value Airbnb at under $30 billion and possibly as low as $25 billion.
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