Daily Management Review

Airbnb expects to raise $3B during IPO


American company Airbnb, the operator of the housing rental service of the same name, plans to attract $3 billion in the upcoming initial public offering (IPO), reports Reuters.

Open Grid Scheduler via flickr
Open Grid Scheduler via flickr
According to their information, the market value of the company as a result of the IPO may reach $ 30 billion. According to the Wall Street Journal, the value of Airbnb in 2017 was estimated at about $31 billion, but declined to about $18 billion due to damage to the company during the new coronavirus pandemic. According to the latest independent estimates cited by Reuters, this value is now about $21 billion.

According to the agency, the IPO will be one of the largest and most expected in the U.S. in 2020. The public offering is planned for December, but Reuters interlocutors stressed that the dates may be affected by various factors, including the presidential election scheduled for November 3.

In August, Airbnb filed documents with the U.S. Securities and Exchange Commission for an initial public offering. Wall Street Journal informed that the company expects its securities to begin trading on the New York Stock Exchange this year.

source: reuters.com