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Borrow a Boat £750k crowdfunding campaign goes live
Reading Time: 2 minutesUK: Boat rental and yacht charter marketplace, Borrow a Boat, has gone live with its £750,000 crowdfunding campaign on investment crowdfunding platform Crowdcube, as it aims to go public via a potential, world-first initial public offering [IPO]. Dubbed the ‘Airbnb of boats’, Borrow a Boat has already received £488,648 of its target from 404 investors, […]
OYO set to file for $1.2bn IPO next week
Reading Time: 2 minutesIndia: SoftBank-backed hospitality startup OYO is preparing to file for its long-awaited initial public offering [IPO] as soon as next week, as well as to raise between $1-1.2 billion in the process, according to reports. It is believed that the budget hotel aggregator – which also operates vacation rental brand OYO Vacation Homes – is […]
HomeToGo goes public on Frankfurt Stock Exchange
Reading Time: 2 minutesGermany: Alternative accommodation marketplace HomeToGo has announced that it has successfully completed its business combination with special purpose acquisition company [SPAC] Lakestar SPAC I and begun trading on the Frankfurt Stock Exchange under the ticker symbols “HTG” and “HTGW” respectively. As previously revealed, HomeToGo is going public in a €1.2 billion [$1.41 billion] transaction, and consequently, […]
Microsoft invests $5m in OYO at $9bn valuation
Reading Time: 2 minutesIndia: SoftBank-backed hospitality chain OYO has received $5 million in investment from global tech corporation Microsoft, according to a regulatory filing, in the lead-up to the company’s proposed initial public offering [IPO]. The funding in the hotel aggregator was already rumoured last month, and it is believed that Microsoft currently values OYO at around $9 […]
The Travel Chapter preparing for potential IPO
Reading Time: < 1 minuteUK: Devon-based holiday letting agency The Travel Chapter, which owns brands such as holidaycottages.co.uk, Stay In and Cottages & Castles, is preparing for a potential initial public offering [IPO] in London, according to reports. The Times has reported that British private equity firm ECI Partners, which acquired an undisclosed stake in The Travel Chapter from Phoenix […]
OYO rumoured to be edging towards $1.2bn IPO
Reading Time: 2 minutesIndia: SoftBank-backed hospitality chain OYO is rumoured to be edging towards an initial public offering [IPO] after hiring JP Morgan, Kotak Mahindra Capital and Citi for an initial $1.2 billion share sale. Financial news website Moneycontrol reports that work on the IPO is already underway and the startup is considering debuting on the domestic public […]
Microsoft in talks to invest in OYO ahead of IPO
Reading Time: 2 minutesIndia: Global tech corporation Microsoft is in advanced talks to invest strategically in hospitality chain OYO ahead of a proposed IPO for the Indian startup. It is believed that Microsoft would value OYO at around $9 billion, a valuation which has fluctuated between $10 billion and $3 billion over the last two years, and an agreement […]
Camplify goes public via AU$11.5m IPO
Reading Time: 2 minutesAustralia: New South Wales-based peer-to-peer caravan hire and RV sharing marketplace, Camplify, has gone public on the Australian Securities Exchange via a AU$11.5 million initial public offering [IPO]. The rental startup submitted the necessary documentation in May, with an offer price of $1.42 per share, giving the business an enterprise valuation of $42.1 million on completion. […]
Airbnb Q1 revenue jumps five per cent ahead of travel rebound
Reading Time: 3 minutesUS: Airbnb has reported a five per cent rise in Q1 revenue compared to the same period last year [$887 million compared to $842 million in 2020] in its second earnings report since it went public via an initial public offering [IPO] in December. The company’s Q1 revenue, recorded between January and 31 March 2021, […]
Airbnb posts $3.9bn loss in post-IPO earnings report
Reading Time: 2 minutesUS: Airbnb has posted a net loss of $3.9 billion in the fourth quarter of 2020 in its first earnings report since going public via its blockbuster IPO in December. The company incurred charges related to its IPO, including $2.8 billion of stock-based compensation expense, which led to the multi-billion loss in Q4 and a […]