Home rental startup Airbnb has been approached about going public through a merger with a blank-check acquisition company, a novel way of listing on the stock market that is gaining traction, co-founder and chief executive Brian Chesky said on Wednesday.
“We've been approached by some people that have presented us some opportunities,” Chesky said in an interview at a Reuters Newsmaker event when asked about whether he considered using a so-called special purpose acquisition company . “We're looking at everything. So I probably shouldn't speculate too much on it.”A SPAC is a shell company that uses IPO proceeds and debt to acquire another company, typically within two years.
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Airbnb approached about blank-check company merger for public listing: CEO[BENGALURU] Home rental startup Airbnb has been approached about going public through a merger with a blank-check acquisition company, a novel way of listing on the stock market that is gaining traction, co-founder and chief executive Brian Chesky said on Wednesday. Read more at The Business Times.
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