Airbnb Inc. said Monday it aims to raise around $3 billion from its planned listing on the Nasdaq, the company said Tuesday, in an IPO that could value the home rental platform at around $35 billion.
Airbnb will price its 50 million share offering in the region of $44.00 to $50.00 each, the company said in an amended filing with the Securities and Exchange Commission, implying a value of around $35 billion at the higher end of the forecast. Company officers and insiders will sell a further 1.9 million sahres. Proceeds from the listing, which will trade under the ticker symbol ABNB, will be around $2.85 billion, the company said.
Shares are expected to price on Wednesday December 9, with formal trading set to begin the following day.
“COVID-19 has materially adversely