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Airbnb Raises $1.5 Billion, Valued at Over $25 Billion
Airbnb [wikipedia.org], a site for listing and finding rent lodging, has raised $1.5 billion [techcrunch.com], according to an SEC filing:
Back in June, the WSJ reported that Airbnb had raised a massive $1.5 billion round [wsj.com] of funding. Today, the company confirmed those reports by way of an SEC filing [sec.gov].
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 [recode.net] before even thinking about going public.
The company is also busy fighting fires here in the States [techcrunch.com], as cities have tried to put a cramp in their style [techcrunch.com] with not much success.
