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Learn why Jeff Bezos will grow his fortune with the arrival of Airbnb on Wall Street

The Amazon mogul is already the richest man in the world, but he will make several million more if the hosting platform offers its shares on the stock exchange.

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Learn why Jeff Bezos will grow his fortune with the arrival of Airbnb on Wall Street
Learn why Jeff Bezos will grow his fortune with the arrival of Airbnb on Wall Street


Well, they say “money calls money”, and Jeff Bezos knows better than anyone. The founder and CEO of Amazon is currently the richest man in the world and Your fortune will grow now that Airbnb is listed on Wall Street As of December 10th.

The hosting platform announced late Wednesday that it had sold shares at $ 68 each as part of its initial public offering and raised approximately $ 3.5 billion. That way, Airbnb reached a valuation of $ 3.5 billion, despite being hit hard by the restrictions caused by the COVID-19 pandemic this year.

According to a report by the Reuters agency, the platform had planned to sell around 51 million shares at a price between $ 56 and $ 60 per share. This makes Airbnb stock the largest offering by a US company in 2020.

The shared apartment hopes to increase $ 2.6 billion When it went public, the company reported in a report for the stock exchange.

And Jeff Bezos, what does he have to do with it?

Well, the tycoon was one of the first investors in Airbnb 10 years ago, an article from revealed Business Insider.

According to the PitchBook, the Amazon’s CEO has invested in Airbnb twice: in series A and series B of the startup in 2010 and 2011 respectively.

Image: Amazon.

To make these investments, Bezos used his personal venture capital firm Bezos Expeditions to make these investments. They both added up $ 119 million for Airbnb.

Perhaps Airbnb’s revenue doesn’t make much of a difference to the billionaire’s capital, whose net worth exceeds $ 186 billion. Most of your wealth comes from your shares AmazonAccording to Bloomberg, it retains 11% after it was founded in 1994. Likewise, has investments in Google, Uber and Twitter.

Airbnb will trade on Wall Street December 10 under the brand name “ABNB” at a price of $ 44 to $ 50 per share when it goes public. The company plans to collect around $ 2.5 billion when it leaves, while existing investors want to sell shares valued at $ 96 million.

See also: The Apple co-founder’s new cryptocurrency has appreciated 1,400% in value in less than a week

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