In today’s top news, Airbnb raises its IPO pricing just days before its date to go public, Paysafe could go public through a SPAC merger and Revolut launched an acquiring solution for Revolut Business customers.
Airbnb, which plans to hold its initial public offering (IPO) on Thursday (Dec. 10), will increase the range for the initial price to between $56 and $60 a share from a previous range of between $44 and $50 per share. The new price would value Airbnb at $42 billion on a fully diluted basis.
Online payments firm Paysafe is nearing a deal with billionaire Bill Foley to go public with a special purpose acquisition company (SPAC) merger. The deal with Foley Trasimene Acquisition Corp II is set to create an entity worth around $9 billion, and could raise around $1 billion in new equity to bolster the transaction.
Revolut has launched an acquiring solution for its Revolut Business starter pack, which will allow businesses in 13 European countries to accept credit card payments online. Revolut Business customers using paid plans will receive monthly allowances for free U.K. and EEA card payment acceptance at no additional charge.
Mastercard is investigating the website Pornhub.com after a withering New York Times column alleged that it hosts videos of children and adults being sexually assaulted. Mastercard is investigating the site in conjunction with the bank of Pornhub’s corporate parent, Mindgeek.
Different digital shopping strokes for different shopping folks. Australian consumers like going to the store more than consumers in other countries, although they find it not as satisfying as shopping online. In the Global Digital Shopping Index: Australia Report, PYMNTS surveyed nearly 2,000 consumers and 600 merchants to understand how the pandemic has changed consumer shopping behaviors and where merchants are investing to respond.
The art of the deal is not dead in the banking business. Doug Brown, NCR’s digital banking senior vice president and general manager, tells Karen Webster that firms with strong balance sheets will capitalize on select opportunities and that smaller firms can (and will) pick up key assets to strengthen their own balance sheets and service offerings.
Apple Pay, and specifically NFC, is getting a harder look from competitive watchdogs on the continent. Here’s what Dutch authorities will be watching, in just the latest round of regulatory pressure for Apple (and perhaps, by extension, its Big Tech brethren).
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