According to people familiar with the matter, Airbnb's valuation is set to expand up to $13 billion, up from $10 billion earlier this year, reports CNBC.
The community-driven hospitality company, if valued at $13 billion, would come second only to Uber "in the rankings of Silicon Valley's most valuable private companies". Airbnb doesn't have a CEO, after Andrew Swain left last month, which should push out the IPO, if there was one any time soon, to sometime in 2015.
In order for Airbnb employees to cash in on some of their stock between now and the IPO, the company is in discussions with existing investors about allowing them to buy back tens of millions of dollars worth of shares, according to CNBC's sources. This cash injection won't be going into new capital for the company, but instead it would reportedly go to staff.
Last updated: Jun 16, 2020 at 04:29 pm CDT
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