Alloggio looks to float on Australian Stock Exchange

Australia: Property manager Alloggio has closed a pre-IPO funding round, ahead of an intended float in late 2021.

Alloggio – which is Italian for accommodation – is expected to be valued at around $50 million.

Founded in 2015, the company sits between platforms like Airbnb and its property owner customers, handling payments, communication with guests and advertising/marketing the property on behalf of its clients.

Alloggio lists around 1,000 rental properties on the likes of Airbnb, Expedia and Trivago, as well as on its own direct booking platform called Winning Holidays.

It is understood the company was raising about $2.5 million for the pre-IPO round and potential investors were told Alloggio was cash flow positive.