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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Boundless Bio (BOLD) Prices 6.25M Share IPO at $16/sh
- The Carlyle Group (CG) Said to Weigh $1B IPO for Hexaware - Bloomberg
- Oriental Rise Holdings Ltd (ORIS) Announces Further Downsized 2M Share IPO at $4/sh
Create E-mail Alert Related Categories
Hot IPOs, IPOs, Trader TalkRelated Entities
IPOSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!