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posted by cmn32480 on Wednesday December 09 2015, @03:04AM   Printer-friendly
from the come-rent-me dept.

Airbnb, a site for listing and finding rent lodging, has raised $1.5 billion, according to an SEC filing:

Back in June, the WSJ reported that Airbnb had raised a massive $1.5 billion round of funding. Today, the company confirmed those reports by way of an SEC filing.

The total offering and sold amount is $1,499,937,904.00 for those keeping score.

Airbnb's valuation is now at or above $25 billion, which is just staggering. It sounds like Airbnb is going to focus on strengthening itself overseas before even thinking about going public.

The company is also busy fighting fires here in the States, as cities have tried to put a cramp in their style with not much success.


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  • (Score: 2) by bob_super on Wednesday December 09 2015, @04:36PM

    by bob_super (1357) on Wednesday December 09 2015, @04:36PM (#273988)

    > They're worth more than Marriot hotel chains. Which... is just weird.

    I remember that about a decade ago, some small but noisy shareholder of Accor, the biggest hotel group in the world, was trying to strongarm them into selling all of their hotels and lease them from someone else. Because Non-Liquid Assets Are ALWAYS Bad, even when they are the core of your business. I thought that Wall Street was nuts.

    Airbnb does just that: middle-man you into a room they don't want to own. They're worth more than hotel chains with assets: Wall Street is consistent.

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