American vacation rental online marketplace Airbnb eyes $30 billion IPO valuation

GLOBAL – Airbnb, an American vacation rental online market place, is hoping to have a valuation of US$30 billion in the IPO slated in the latter part of 2020 where it aims to raise about US$3 billion, Nairametricshas reported. The announcement follows a commitment by Airbnb to invest US$1 million through 2020 to promote and support community-led tourism projects in Africa. The commitment aims to empower communities through home sharing and to promote people-to-people tourism that benefits local families and their communities. A US$30 billion valuation would be substantially higher…

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