Airbnb looks to keep employees happy by allowing them to sell stock to investors
Scott Olson/Getty Images
That funding raise would value the company at approximately $30 billion, according to an earlier report in The New York Times.
But in an interesting twist, The Wall Street Journal's Rolfe Winkler, Douglas MacMillan and Maureen Farrell reported Wednesday that the company is also allowing investors to purchase nearly $200 million in stock from Airbnb employees in common shares, at a valuation of around $25 billion.
The move would help retain and keep long-term employees happy while the company focuses on global expansion. With fresh cash flow, an Airbnb IPO is unlikely in either 2016 or 2017, according to the Journal.
Airbnb was not immediately available for comment.
You can read the full report over at The Wall Street Journal.
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore
- Markets rebound sharply on buying in bank stocks firm global trends