Company is one of the biggest travel companies in the world.
By Katie Roof and Olivia Carville, BloombergÂ
10 Dec 2020 06:46
Image: Bloomberg
Airbnb priced its long-awaited initial public offering above a marketed range to raise about $3.5 billion, capping a year in which it bounced back from the coronavirus pandemic by capitalising on closer-to-home travel.
The home-rental companyâs IPO came just hours after DoorDash almost doubled from its listing price in its debut trading session, adding to a flurry of consumer-facing web-based companies going public this month.
Airbnb and its investors are selling about 52 million shares Wednesday for $68 each after marketing them for $56 to $60 each, said people familiar with the matter who asked not to be identified because the information wasnât public yet. At that price, Airbnb has a fully diluted value of about $47 billion, which includes employee stock options and restricted stock units.