Airbnb’s recent rallying for a funding round and employee stock sale, which values the company at up to $30bn, was to help the company avoid going public, according to the WSJ. The report suggests that the new cash would be used for global expansion and to reward top talent without the need for an IPO; it also comes at a crucial time, as Airbnb is currently embroiled in fierce regulatory battles in its home city, New York, and in San Francisco, and it has been suggested that the proposed $30bn valuation may not stand if illegal listings in both of these cities are removed.
Airbnb’s recent rallying for a funding round and employee stock sale, which values the company at up to $30bn, was to help the company avoid going public, according to the WSJ. The report suggests that the new cash would be used for global expansion and to reward top talent without the need for an IPO; it also comes at a crucial time, as Airbnb is currently embroiled in fierce regulatory battles in its home city, San Francisco, and in New York, and it has been suggested that the proposed $30bn valuation may not stand if illegal listings in both of these cities are removed.