Airbnb has raised $1 billion in debt financing.
Source: via Airbnb
The company is looking to build its home-rental business by expanding into an initial public offering (IPO). Ahead of the move, Airbnb added $1 billion in debt from large banks.
The website has a value of approximately $25.5 million, based on estimates from investors. Airbnb isn’t the only company making this move as it looks to grow.
Uber
is currently looking to raise $1 billion to $2 billion in debt as the transportation company looks to surge.
