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

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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.

 

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