• Chethan Machaknur

Airbnb aims to raise roughly $3 Billion in IPO


Home rental company Airbnb is aiming to raise around $3 Bn in its upcoming initial public offering (IPO), people familiar with the matter said on Friday, taking advantage of the unexpectedly sharp recovery in its business after the Covid-19 pandemic roiled the travel industry.


Airbnb will be one of the largest and most anticipated U.S. stock market listings of 2020 which has already been a blockbuster year for IPOs, featuring the likes of record label Warner Music Group, data analytics firm Palantir Technologies and data warehouse company Snowflake.


Airbnb said in August it had filed confidentially for an IPO with U.S. regulators.The company's current plan is to make its filing publicly available in November after the U.S presidential election and is targeting an IPO some time in December, the sources said, requesting anonymity as the plans are private.

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