Airbnb Inc. after years of speculation revealed its plans for an initial public offering, disclosing increased losses this year and other details of its finances and operations.
The listing is set to be one of the biggest this year, capping an IPO surge that has largely defied the economic devastation inflicted by the COVID-19 pandemic. Although Airbnb’s valuation reached $31 billion in a funding round in 2017, warrants in an April round of debt and equity securities that included Silver Lake and Sixth Street Partners valued it at only $18 billion, BloombergA calculation related to employee compensation and tax reporting put the value at about $22 billion as of Sept. 30, people familiar with the matter said. That valuation reflected the estimated value of common shares held by employees at the time.
Airbnb is set to join food delivery company DoorDash Inc., which filed Friday to go public, in a finale to what is already a record year for IPOs. Driven mostly by the proliferation of special purpose acquisition companies and to a lesser extent by software companies, an all-time record of more than $141 billion has been raised on U.S. exchanges in 2020, according to data compiled by Bloomberg.
its MEDICAL TYRANNY that's all it is and for some reason maybe the media everyone is in fear and they are not trusting their own President hmm how did that happen MEDIA LATIMES all the tv stations do you guys know how that happened? LOL wow
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