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Struggling Airbnb Raises $ 1 Billion

2020-04-07T17:54:53.847Z


The prospect of an IPO, planned for 2020, is fading.


Raising $ 1 billion in the midst of a pandemic, as Airbnb has just succeeded, is undoubtedly good news. It can also reveal a number of problems. Two new investors, Silver Lake and Sixth Street Partners, came on Monday to lend a helping hand to Airbnb, shaken by the sudden stop in travel around the world. They granted a loan to the American apartment rental platform and bought shares. Details of the transaction, which was not scheduled, have not been released. And even less the valuation corresponding to this entry into capital.

Last week, the Financial Times had revealed that the management of Airbnb had lowered the estimate of the value of the group, passed from 35 billion dollars (on the basis of the last capital increase, in September 2017) , at $ 26 billion.

A sum much lower than the valuation of more than 40 billion mentioned at the end of 2019 by some observers plancant

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Source: lefigaro

All business articles on 2020-04-07

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