Airbnb Raising $1bn at a $24bn Valuation

Airbnb, the online room rental service,  is reportedly looking to close a $1bn funding round at a $24bn valuation by the end of June.  The company is telling investors to expect $850m in revenue in 2015 and $10bn by 2020.  Airbnb was last valued at $13bn.  Previous investors in the company include TPG, T. Rowe Price, Dragoneer, Founders Fund, Sequoia, DST and more.

Airbnb is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 106 companies organized by investment theme.