San Francisco-based Airbnb had been planning its initial public offering some time this year, but the outbreak of Covid-19 has sent markets into a tailspin and made an IPO less likely. Photo: Reuters San Francisco-based Airbnb had been planning its initial public offering some time this year, but the outbreak of Covid-19 has sent markets into a tailspin and made an IPO less likely. Photo: Reuters
San Francisco-based Airbnb had been planning its initial public offering some time this year, but the outbreak of Covid-19 has sent markets into a tailspin and made an IPO less likely. Photo: Reuters

Airbnb raises another US$1 billion as coronavirus pandemic dims IPO prospects

  • The home-sharing market leader is said to be raising cash by issuing first-lien debt, which has priority on its assets in case of a default
  • The additional funds could help Airbnb weather the economic crisis and even make acquisitions without going public

Topic |   Sharing economy
San Francisco-based Airbnb had been planning its initial public offering some time this year, but the outbreak of Covid-19 has sent markets into a tailspin and made an IPO less likely. Photo: Reuters San Francisco-based Airbnb had been planning its initial public offering some time this year, but the outbreak of Covid-19 has sent markets into a tailspin and made an IPO less likely. Photo: Reuters
San Francisco-based Airbnb had been planning its initial public offering some time this year, but the outbreak of Covid-19 has sent markets into a tailspin and made an IPO less likely. Photo: Reuters
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