More

    AIRBNB IS SEEKING TO RAISE 2.5 BILLION DOLLARS IN INITIAL PUBLIC OFFERING (IPO)

    The Stock Exchange NASDAQ Is Being Planned By The Company To Trade On

    On Tuesday, Airbnb a rental marketplace that operates online announced for its IPO—a planned share price. 50 million shares are being planned by the rental company to be sold at 44 dollars to 50 dollars per share. This has been made official by the filling given by the US SEC (Security and Exchange Commission).  The company is seeking to raise up to 2.5 billion dollars when it comes to the IPO (Initial Public Offering), which is reported to give the company a 35-billion-dollar valuation.

     

    Airbnb had to file paperwork in the month of November to raise 2.5 billion dollars, showcasing that the company has been raking in profits for the last few years. Like every other business, Airbnb also has been affected by the COVID-19 pandemic, due to the virus people have been quarantined in their homes and no one is allowed or encouraged to put their rooms, apartments, houses on rent on Airbnb. Due to the virus, people have cut their traveling plans, and are following rules imposed by governments to safeguard people from passing the virus to more people.

     

    Airbnb filed for IPO (Initial Public Offering) to raise 2.5 billion dollars, filling for IPO can help a business get many benefits such as getting more investment. When it comes to debt and equity, it will also give Airbnb a lower cost of capital. Airbnb will be able to go public with IPO, it will help them to get easy funding to stay afloat in the COVID-19 pandemic. Another reason Airbnb is filling for IPO is that it wants to handle the market pressure in the pandemic and it has finally decided to build an image of credibility and publicity for its potential customers by going public.

    Recent Articles

    Mobile application of DC is being relaunched in order to focus on the comics.

    HBO Max is home for the shows and movies, now, it is time for the comics to get some platform. DC’s comics application is getting...

    Bats are absolutely the trendsetters when it comes to tracking technology.

    These little cute goofy fellas are great at tracking. Bats are amazing creatures, and because of this, they are deemed as the perfect animals...

    Disney Plus is getting all the five seasons of the beloved The Muppet Show.

    Disney Plus is bringing all Muppets shows to its platform, except for two. Starting Feb 19th, all the five seasons of the beloved The...

    Nobody knows what is worth what anymore.

    Everyone is perplexed as to what value anything holds nowadays. This week was another week where many startups started, many things increased in their...

    NASA’s rocket test shuts down early.

    The rocket’s test only lasted for a minute or so. The NASA rocket test was done and it only lasted over a minute or so...

    Related Stories

    Leave A Reply

    Please enter your comment!
    Please enter your name here

    Stay on op - Ge the daily news in your inbox