Airbnb is a case study in why tech startups still aren’t going public
Airbnb’s latest funding haul has surpassed all expectations. The company was said last summer be seeking up to $850 million in a round that would value it at $30 billion. In September, a filing showed Airbnb had raised $555 million.
According to a new filing today, Airbnb ultimately received more than $1 billion in its Series F financing, for a valuation of $31 billion. That solidifies its position as the world’s fourth-most valuable startup and puts it on the heels of Chinese ride-hailing firm Didi Chuxing, which is valued at close to $34 billion.
The $31 billion valuation also makes Airbnb second only to Marriott International on paper among traditional hospitality competitors.
The update on Airbnb’s Series F coincided with another report: The company, per a Reuters source, has “no plans to go public anytime soon.”......MORE
