Airbnb Sets Nasdaq IPO Price Range That Values Group At $35 Billion; Ticker ABNB

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.



a stop sign: Airbnb Sets Nasdaq IPO Price Range That Values Group At $35 Billion; Ticker ABNB


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Airbnb Sets Nasdaq IPO Price Range That Values Group At $35 Billion; Ticker ABNB

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.

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Shares are expected to price on Wednesday December 9, with formal trading set to begin the following day.

“COVID-19 has materially adversely

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