Published on Monday, October 5, 2020

Airbnb hopes to raise USD3 billion in IPO

Airbnb remains on track to file for an IPO before the end of the year.

According to Reuters, the home sharing giant will file with the US Securities and Exchange Commission after the US election.

It plans to raise about $3 billion.

According to people familiar with the matter, the IPO is on track for a December listing, although that could still change.

Airbnb filed a draft registration to the SEC in August.

As a business reliant on travel, it's not the ideal time to list but the company seems undaunted.

Earlier this year it said it was laying off 25% of the workforce and predicts full-year revenue will be down by at least half compared to 2019.

However, it has reported a strong rebound in many non-urban markets.

Subject to market conditions at the time, the IPO could value the company at about $30 billion, the people said.


Written by Ray Montgomery, US Editor

Story Image

Your Comments

, be the first to post a comment.
Your email:

Email other comments made to this story

NOTE: Comments are subject to admin approval before being posted.
Mole Poll
Will 5-day quarantine with test boost travel?- Yes/still too long/too expensive/ vaccine only??
Yes 23.64 %
Too Long 25.97 %
Expense 29.84 %
Vaccine 20.54 %

Thank you for your vote

What is GoodtoGo?

Submit your news
or special offer

Current UK Special Edition

Current US Special Edition

Current Asia/Pacific Special Edition


Central Florida's natural theme parks ideal for post-covid. Graham McKenzie finds out more

Visit Florida is all set for 2021 comeback - Graham McKenzie talks to head of VF Dana Young

Italy will be going back to basics in the post covid world

Sri Lanka - will it be the success of the post Covid world

South Africa and South Australia battle it out to be the best 'SA'
Enter the giveaway here!