Rooms Rentals & Shares

Spanish Apartment-Share Site Only-Apartments Goes Public, Sort Of

@denschaal

Jun 26, 2014 10:00 am

Skift Take

The Alternative Spanish Stock Exchange sounds like a public-company incubator and an attractive way for small-cap companies to prove their mettle.

— Dennis Schaal

Free Report: The Changing Business of Extended-Stay Hotels

Only-Apartments

Only-Apartments will begin trading on the Alternative Spanish Stock Exchange. Only-Apartments


Spanish apartment-share site Only-Apartments has beaten Airbnb to the public markets — in a way.

Only-Apartments, which has raised $4.7 million in funding and offers some 25,000 short-term rentals, mostly in Europe, has been accepted to list its share on the Alternative Spanish Stock Exchange (MAB).

There will be no IPO-like public offering, but shares of Only-Apartments will trade on the exchange, which is geared for small-cap companies looking for growth.

Alon Eldar, founding partner of Only-Apartments, says “going public” will enable the company to “fast-track the process of internationalization.”

Founded in 2003 and headquartered in Barcelona, the company claims to be “the first European sharing-economy business in the tourism industry to go public.”

Rival Airbnb has raised $776 million in funding, and currently has not concrete plans to go public.

Tags: , , ,

Follow @denschaal

Next Up

More on Skift

B2B Travel Startups Need to Show Personality on Social Media
Expedia Looks to Build Tours and Activities Without Acquisitions
Daily Travel Startup Watch: Toilocate, What’s it Like and More
Free Webinar: How To Effectively Personalize Marketing Across Travel Sectors