News Formal

Airbnb's valuation slashed by Principal, Hartford Funds - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Airbnb's valuation slashed up to 30% by some mutual funds as the coronavirus pandemic halts travel worldwide

Airbnb the home-sharing start-up was most recently valued at $31 billion in a 2017 funding round.

Despite the pandemic, one mutual-fund investor, Macquarie, has actually increased its valuation of Airbnb since the virus broke out in the US.Several mutual fund managers have slashed their internal valuations on $31 billion home-sharing unicorn Airbnb. Hartford's $744 million International Equity Fund changed said AirBnB's shares were worth $85.27 a piece as of the end of March — a decrease of more than 32% compared to what the fund valued the start-up at in the fall.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Airbnb faces big challenges in going after the longer-term stay market - Business InsiderAirbnb says it's going to focus on longer-term stays, but analysts worry its short-term rental roots will make it hard to grab a piece of the $18 billion market
Source: BusinessInsider - 🏆 729. / 51 Read more »