Economy

‘Airbnb wants to raise 3 billion with an IPO’

It’s no secret that Airbnb is preparing an IPO, but it seems the company is getting a much higher rating than could have been suspected just a few months ago.

According to Reuters, the company can be valued at more than $ 30 billion. At the IPO, where initially only a limited portion of the shares are offered, this could yield Airbnb 3 billion euros.

Lighter

That is a big boost. When the company had to borrow 2 billion euros in April – in the middle of the lockdown in many countries – the company was only worth 18 billion euros, according to investors.

Airbnb was hit hard by the measures to combat the corona virus. Travel restrictions around the world led to a plunge in the number of bookings made through the platform.

Revival

In the second quarter of the year, revenues fell by almost 70 percent. According to Bloomberg, a loss of $ 400 million was recorded during that period.

Since then, Airbnb is said to have seen a dramatic revival, Reuters writes. Travelers who avoid hotels would see rented homes through Airbnb as a safe alternative.

The IPO is still in pencil on the agenda for December of this year. Depending on the circumstances, this can still change.

Tags

Related Articles

Back to top button
Close
Close