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Airbnb valuation skyrockets to $100bn amid IPO “bonanza”
Reading Time: 5 minutesUS: After much speculation and anticipation, Airbnb has achieved an eye-watering post-initial public offering [IPO] valuation of circa US$100 billion, marking a huge rise from the $47 billion at the IPO offering price and the $42 billion figure that was initially forecasted earlier this week. The home-sharing platform is raising around $3.5 billion in the process, and shares in […]
Airbnb valuation skyrockets to $100bn amid IPO “bonanza”
Reading Time: 5 minutesUS: After much speculation and anticipation, Airbnb has achieved an eye-watering post-initial public offering [IPO] valuation of circa US$100 billion, marking a huge rise from the $47 billion at the IPO offering price and the $42 billion figure that was initially forecasted earlier this week. The home-sharing platform is raising around $3.5 billion in the […]
Airbnb hopes to raise $2.5bn in mid-December IPO
Reading Time: 2 minutesUS: Airbnb has disclosed that it is seeking to raise up to $2.5 billion in its upcoming initial public offering [IPO]. In addition, the platform is targeting a higher-than-initially-expected valuation range of $30 billion – $33 billion and is on course for a listing on the public markets by mid-December. The price range of the float […]
JetBlue to diversify into short-term rentals
Reading Time: 2 minutesUS: American low cost airline JetBlue Airways is planning to diversify its travel product offerings into short-term rentals with an as-yet unnamed partner from the industry. Under the proposals outlined by JetBlue Travel Products president Andres Barry at a Morgan Stanley conference, the company would provide rental accommodations through its own brand, and operate customer […]
Airbnb set to file for $30bn+ IPO this week
Reading Time: 2 minutesUS: Airbnb is set to file the necessary IPO [initial public offering] documents later this week ahead of its anticipated stock market debut in December, as it seeks to raise $3 billion in proceeds in a move that would set the company a valuation of around $30 billion, according to Reuters. Next month, it is […]
Airbnb announces creation of host advisory board
Reading Time: 2 minutesWorldwide: Airbnb has announced that it has created a host advisory board and a host endowment to support its host community before it closes its eagerly-awaited initial public offering [IPO]. The advisory board will include 15 VIP Airbnb hosts who will be announced before the end of the year. In a statement, CEO Brian Chesky […]
Former Apple designer Sir Jony Ive joins Airbnb
Reading Time: 2 minutesWorldwide: British designer Sir Jony Ive, who oversaw the creation of the iPhone, iMac, iPod, Apple Watch and AirPods at multinational tech firm Apple, has been brought on board by Airbnb to collaborate with the home-sharing platform’s internal design team in a multi-year deal. Ive, who is a “long time friend” of Airbnb CEO Brian […]
Pass the Keys launches new franchises in the UK
Reading Time: 2 minutesUK: Airbnb professional management company Pass the Keys has added new franchises in popular short-term letting destinations across the UK, including the Lake District, New Forest and Christchurch. As a result, the company has taken the number of locations it spans across the country up to 27. With staycations and national parks becoming increasingly popular since […]
Airbnb blocks one-night Halloween rental parties in USA and Canada
Reading Time: 3 minutesUS / Canada: Airbnb is to block one-night reservations through its platform over Halloween in the United States and Canada, in order to prevent a repeat of a shooting incident last year that left five people dead at an unauthorised party in Orinda, California. The temporary ban will apply to entire home listings in both […]
Airbnb aiming to raise $3 billion in IPO by December
Reading Time: 2 minutesUS: Airbnb is reportedly aiming to raise around $3 billion in its upcoming initial public offering [IPO], sources close to the matter told Reuters. In news that may generate further optimism for the unicorn company, Airbnb is on course to achieve a valuation of more than $30 billion as a result of the IPO according […]