Markets

A legendary venture-capital firm bought Airbnb shares for 1 cent each in 2009

Airbnb’s stock price soared to about $US145 during its stock-market debut on Thursday. Sequoia Capital invested $US585,000 in the home-rental platform for around 58 million shares in 2009, paying about 1 cent a share, The Information reported. The venture-capital fund has plowed a total of $US280 million into Airbnb over […]
A legendary venture-capital firm bought Airbnb shares for 1 cent each in 2009
Markets

Airbnb prices IPO at $68 per share, will raise $3.5 billion

Airbnb priced its shares at $US68 each on Wednesday ahead of its IPO, Bloomberg first reported. That’s well above Airbnb’s previously expected IPO pricing range of $US56 to $US60 per share, which already marked an upsize from a prior range. The offering is expected to raise $US3.5 billion in funds […]
Airbnb prices IPO at $68 per share, will raise $3.5 billion