Stories
Slash Boxes
Comments

SoylentNews is people

SoylentNews is powered by your submissions, so send in your scoop. Only 14 submissions in the queue.

Airbnb Raises $1.5 Billion, Valued at Over $25 Billion

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

takyon writes:

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.

Original Submission

 
This discussion has been archived. No new comments can be posted.
Airbnb Raises $1.5 Billion, Valued at Over $25 Billion | Log In/Create an Account | Top | 15 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 2) by FatPhil on Wednesday December 09 2015, @04:35PM

    by FatPhil (863) <pc-soylentNO@SPAMasdf.fi> on Wednesday December 09 2015, @04:35PM (#273986) Homepage
    > The short term rentals for individuals is what is "new".

    No. I've done that in the UK, Ireland, Finland (a dozen times in differnet towns over the last couple of decades), Germany, and several other places.
    --
    Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
    Starting Score:    1  point
    Karma-Bonus Modifier   +1  
    Total Score:   2