RoomsRentals & Shares

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

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

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.

Destination Mexico: The Evolution of Luxury Travel

Luxury travelers are looking for more than just posh accommodations and generic pampering. Savvy suppliers and tourism organizations are capitalizing on the desire for authentic experiences, as the sharing economy continues to present new ways to connect travelers with local culture.

Read More

Next Story

Loading...

Loading...