Hopper targets IPO and $10bn valuation
Canada: Gen Z- and millennial-friendly online travel agency [OTA], Hopper, is said to be targeting going public via an initial public offering [IPO] and achieving a valuation of up to $10 billion, according to a Bloomberg report.
OYO raises $173.5m as valuation drops to $2.4bn
India: Oravel Stays, the parent company of Softbank-backed hospitality chain OYO, has raised $173.5 million [Rs 1,457 crore] in a Series G funding round.
Sonder downgrades valuation expectations to $1.9bn for SPAC
US: San Francisco-based short-term rental lodging startup Sonder is downgrading its valuation estimate from $2.2 billion to $1.925 billion ahead of its proposed merger deal with special purpose acquisition company [SPAC] Gores Metropoulos II due to a “strategic revision of the transaction terms”. Sonder, which announced in April that it was set to go to […]
Airbnb valuation skyrockets to $100bn amid IPO “bonanza”
US: After much speculation and anticipation, Airbnb has achieved an eye-watering post-initial public offering [IPO] valuation of circa US$100 billion, marking a huge rise from the $47 billion at the IPO offering price and the $42 billion figure that was initially forecasted earlier this week. The home-sharing platform is raising around $3.5 billion in the process, and shares in […]
Airbnb aiming for $42bn valuation in bumper Thursday IPO
US: Airbnb is planning to increase the price range of its upcoming IPO [initial public offering] scheduled for this Thursday 10 December, which could push the company’s post-offering valuation up to as much as $42 billion. The home-sharing platform is set to boost the range from $44-$50 up to $56-$60 per share, while selling up […]
Airbnb lowers internal valuation to $26bn amid drop in bookings
US: Airbnb has reportedly lowered its internal valuation by 16 per cent to $26 billion as a result of the global lockdowns and restrictions on mobility caused by Covid-19, sources familiar with the matter told Reuters. At the time of its last funding round in September 2017, when it raised $1 billion, Airbnb had a […]