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%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore 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.

 

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

Singapore Singapore Latest News, Singapore Singapore 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 »