Airbnb plans to make a public IPO filing next week, putting it on course for a New York stock market debut in December, according to a Reuters report on Thursday citing two people familiar with the matter. The hospitality unicorn’s planned debut is set to be one of the largest U.S. stock market listings of 2020.
Airbnb reportedly plans to set an IPO price range and launch an investor roadshow in December, subject to market conditions. Previously, it’s been reported that the company is seeking to raise around $3 billion in its public offering, with a likely initial valuation of more than $30 billion.
The company has raised at least $6.4 billion from investors including Andreessen Horowitz, Sequoia Capital and General Atlantic. It was last valued at around $18 billion after a $1 billion private equity round in April. That’s down from the some $26 billion Airbnb was valued at in early March, according to Reuters, before the COVID-19 pandemic took hold. The company has grown to include over 7 million listings across more than 220 countries and regions around the world.
