Investing.com – Airbnb is reportedly looking at going public through a direct listing rather than through the traditional initial public offering, Bloomberg reported, citing people familiar with the matter.
- Compared to an IPO, a direct listing would allow the home-sharing startup to cut the costs of going public, as they wouldn’t need to fork out hefty underwriting fees to investment banks to issue any new shares and raise any new capital.
- In the last quarter, Airbnb generated more than $1 billion in revenue and the company has said its earnings before interest, taxes, depreciation and amortization (EBITDA) were positive in both 2017 and 2018.
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