Airbnb seeks to raise an additional $153 million 

By: |
San Francisco | December 17, 2016 9:54 AM

Airbnb Inc is looking to raise an additional $153 million as an extension of a recent funding round, boosting its coffers as the company pushes forward with global expansion.

Airbnb, funds, global expansion, financial filings, investors, homeowners, dealmakersAirbnb Inc is looking to raise an additional $153 million as an extension of a recent funding round, boosting its coffers as the company pushes forward with global expansion. (Reuters)

Airbnb Inc is looking to raise an additional $153 million as an extension of a recent funding round, boosting its coffers as the company pushes forward with global expansion.

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.

You may also like to watch:

Investors have valued the company at $30 billion.

The price per-share for the sale is $105, up from the $93.09 share price the company commanded in its 2015 financing round, according to CB Insights.

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

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Cheque bounce: No criminal proceedings against corporate debtor under moratorium
2Air India cancels leaves of pilots amid increasing number of domestic air travellers
3Cheque dishonor cases can’t be filed or continued against firms facing insolvency proceedings: SC