Airbnb and existing investors are all set to raise as much as $2.6 billion in a highly awaited initial public offering to cap one of the busiest years ever for US listings.
The San Francisco based home rental platform reported in a filling this Tuesday that they are going to put 51.9 million shares on offer at $44-$50 apiece with the US Securities and Exchange Commission.
In 2017, Airbnb's highest valuation as a private company was at $31 billion in a funding round. Now, as a public company, it is expected to have a fully diluted market value of nearly $35 billion at the top end of the indicative range. That figure also includes employee stock options and restricted share units.
The company is currently planning to price its IPO on December 9 and is set to begin share trading on the Nasdaq global select market.
Apart from Airbnb, several other groups of companies have planned listings including DoorDash, Roblox, Affirm Holdings making December a busy month for IPOs.
