Airbnb seeks to raise an additional $153 million
Airbnb on Friday authorized the sale of up to $153 million in equity to investors, according to venture capital database CB Insights, which obtained the company’s financial filing. The funding is an extension of a round in September, when Airbnb raised more than $555 million, according to financial filings.
Investors have valued the company at $30 billion.
Airbnb, which provides a platform for homeowners to rent out their house or a room, has enjoyed tremendous growth but has also faced an intensifying global battle with regulators who say the service takes affordable housing off the market and drives up rental prices. Several dealmakers have said they expect the company to go public next year. -Reuters