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Added on the 10/12/2020 16:46:14 - Copyright : Wochit
On Monday, Tesla stock climbed as much as 5%. Business Insider reports that Tesla's market capitalization is north of $700 billion. Elon Musk's company exceeded its production target of 500,000 vehicles last year. The company has fallen just short of 500,000 deliveries. "So proud of the Tesla team for achieving this major milestone!" Musk tweeted about the news. Tesla's stock price soared by more than 740% in 2020.
Business Insider reports that Airbnb is planning to raise $2.6 billion in its mid-December IPO. The IPO would give Airbnb a valuation of up to $35 billion. The company plans to list about 50 million shares at between $44 and $50 per share, a regulatory filing showed. Airbnb will list on the NASDAQ under the symbol "ABNB." It was previously eyeing a $30 billion valuation, with $3 billion in proceeds.
The IMF hopes to mobilise 100 billion dollars from the world's richest countries to be distributed to countries in need, including the Democratic Republic of the Congo, says chief Kristalina Georgieva in Kinshasa during her first trip to Africa since start of Covid-19 pandemic. SOUNDBITE
Joe Scarnici/Getty Airbnb aims to IPO in December and will seek to raise about $3 billion, Reuters reported Friday. The debut could value the company at more than $30 billion, sources told Reuters. Airbnb's fundraising target establishes the upcoming offering as one of the biggest of the year alongside Snowflake and Palantir. Visit the Business Insider homepage for more stories. The multibillion-dollar target sets the home rental company up for one of the biggest market debuts of the year, joining Snowflake and Palantir as firms to hold massive IPOs amid the coronavirus pandemic.
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