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IPO of Airbnb expected in December 2020

7 November 2020
1 min.
IPO of Airbnb expected in December 2020

Time of debut

Despite the strengthening of the second wave of COVID-19, Airbnb, which provides online search and short-term rental services around the world, plans to open public IPO registration as early as next week to debut on the New York Stock Exchange in December.

The time for its debut on Nasdaq is right: when else, but in the midst of a pandemic, to offer short term rentals to customers, when demand for housing has soared in an environment that requires social distance, and hotels have fallen. The Airbnb IPO thus promises to break a record on the stock exchange this year.

Applying for an initial public offering of Airbnb allows everyone to examine their business in detail, shedding light on a rethinking of their business after the Coronavirus shifted its focus from city flats to country properties.

The company wants to set a price range for the IPO and start the investor event in December. The company hopes to raise around 3 billion dollars, so its IPO could result in an estimated value of over 30 billion dollars.

Brian Chesky, CEO of Airbnb, said: "We want to set a price range for the IPO and launch the investor event in December". It was also reported that the company wants to use about three billion dollars, and the IPO will cost 30 billion dollars. In April, when COVID-19 was at its peak, Airbnb provided unscheduled funding from investors such as Silver Lake Resources (ASX: SLR) and Sixth Street Partners.

Moreover, Booking Holdings shares are used by Airbnb investors as a market indicator for their shares.

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