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20/12/7_AirBnb’s IPO will take place on December 10 this year

The long-awaited and postponed AirBnb IPO will take place later this year. According to current information, it will probably take place on December 10, 2020. The company will enter the NASDAQ exchange and the shares will be traded under the symbol “ABNB”.

 

The US company AirBnb set a price range for the sale of shares at $ 44 to $ 50 per share for its IPO on Tuesday.

 

According to the latest information, Airbnb Inc. plans to increase the target price range of its initial public offering (IPO) to $ 56 to $ 60 per share, underlining the high demand for new US shares.

 

With a new price range per share, Airbnb would sell $ 3.1 billion in shares. In that case, the company would be worth $ 41.8 billion.

 

That’s well over $ 18 billion from Airbnb’s private fundraising in April in the first weeks of the COVID-19 pandemic in the United States, and more than $ 31 billion from the last pre-COVID-19 fundraising in 2017.

 

AirBnb’s stock market debut, scheduled for December 10 on Nasdaq, will be one of the largest and most anticipated US IPOs in 2020.

 

Source: Reuters.com

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