Airbnb Aims for up to $35 Bln Valuation in IPO

Credit: Newsmax- Published on December 1, 2020
Airbnb Inc said on Tuesday it is looking to sell up to $2.6 billion in stock in its planned initial public offering, which could value the home rental firm at as much as $34.8 billion in the last blockbuster U.S. IPO of the year.

Video credit: Wochit News
Published on December 1, 2020 -  00:27
Airbnb Targeting $2.6 Billion In Mid-December IPO
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.

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