. On top of that, the warrants would price the shares, should they convert, at a steep discount, a valuation of $18 billion, almost half of Airbnb's previous valuation of $31 billion. helped Airbnb raise another $1 billion in debt from a list of other bankers in a five-year loan. This one didn't involve selling
Looking back at the company's decision to take on that debt rather than raise another round of equity, Blecharczyk said it was "the right way to go" because taking on equity would have hurt existing shareholders. "We chose to raise debt versus equity, right? Because you know, equity would have diluted us, especially given the state of the world at that point. People were saying our valuation was $18 billion. So, to raise equity at that price would have heavily diluted the company, the shareholders, the employees," he explained.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the IPO frenzy: what top capital markets lawyers are saying - Business Insider5 top capital-markets lawyers take us inside 2020's IPO frenzy: Here's how they're raking in millions on the hottest public debuts of the year — and what they think 2021 will look like
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Amazon Care, the tech giant's bet on primary care - Business InsiderAmazon is quietly building a business to offer medical care to major companies. Here's an inside look at Amazon Care. Unionize the Amazon workers.
Source: BusinessInsider - 🏆 729. / 51 Read more »
An inside look at Amazon Care's ambitions - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. unionize amazon workers, socialize healthcare. JeffBezos A preview of Trump's Space program? 😷Speechless!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside the SolarWinds cyberattacks – FireEye leader explains discovery - Business InsiderInside the discovery of the massive SolarWinds cyberattacks: FireEye's top expert explains how his team found a 'needle in a haystack of needles'
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Michelob's pandemic marketing strategy that's boosted sales - Business InsiderMichelob Ultra's sales have soared even as people ditch beer. Here's how the brand has catered to health-focused consumers in the pandemic. 90% of news about covid and trump
Source: BusinessInsider - 🏆 729. / 51 Read more »