Airbnb Raising New Round of Funding at $10 Billion Valuation

Excerpt from Wall Street Journal

Skift Take

Airbnb’s valuation puts it on par or above it’s traditional hotel competitors, as well as ahead of profitable rival HomeAway, which has a market cap of $3.7 billion.

— Jason Clampet

Airbnb Inc. is in advanced talks to raise funds that would value the online home-rental marketplace at more than $10 billion and place it among the world’s most valuable startups, according to several people familiar with the process.

Private-equity firm TPG is likely to lead the round, which could total between $400 million and $500 million, said two of the people.

At $10 billion, Airbnb would be valued more highly than some large hotel operators with which it competes. Wyndham Worldwide Corp., which manages 7,500 hotels under the Wyndham, Ramada and other brands, has a market value of $9.4 billion. Hyatt Hotels Corp. is valued at $8.4 billion.

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Tags: airbnb, funding
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