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AirBnb’s Rumoured $1.5 Billion Fund-Raise Is Now Official

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Airbnb — the US upstart which lets you have homely stays in places you travel, has now confirmed, via an SEC filing — its astounding $1.5 Billion fund-raising round which was reported earlier in June by The Wall Street Journal.

The total worth of shares on offering is close to $1.5 Billion, $1,499,937,904.00 for those of you who believe in precision. And for those of you keeping score of those ever-growing “unicorn” valuations — AirBnb’s now stands to the north of a staggering $25 Billion.

While everything financial remains under the wraps, this round has reportedly included 13 investors, with the round being led by General Atlantic, Hillhouse Capital and Tiger Global. The three of them are reportedly buying one-third of the overall shares issued this time.

The company, with fresh capital, is now looking to further expand its global presence before thinking of going for an IPO.

Editor-at-large and co-founder at The Tech Portal. He is a tech enthusiast with interests in new-age technology fields like Ai, Machine Learning, AR/VR, Outer Space and related stuff. Drop him a mail anytime, very reachable.

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