Housing rental site Airbnb wants to go public in December and then hopes to raise around 3 billion dollars. This is reported by Reuters news agency based on Insiders who indicate that Airbnb wants to make use of the unusually strong recovery that the company has shown in recent months. Before, the travel industry was hit hard by the coronacrisis.
The company would like to publish the papers for its IPO in November, following the US presidential election. In August, Airbnb already announced that it had submitted the paperwork for an IPO confidential to the supervisor. That information does not have to be disclosed to a company until it decides when it actually wants to go public.
If Airbnb were to raise some $ 3 billion, the value of the entire company would be over $ 30 billion. This is considerably more than the 18 billion at which Airbnb was valued in april when the company raised 2 billion in loans from investors. For this purpose, the company’s value was estimated at USD 21 billion.
Recently Airbnb has benefited from the fear of many travellers to stay in large hotels during the coronation break. Instead, they prefer a small accommodation. In July, the company announced that it had made bookings for more than 1 million overnight stays in one day for the first time since the beginning of March.
Abaigael Schlomski is an accomplished economist and financial journalist with over a decade of experience in the industry. He is a regular contributor to EconomicInform, where he provides in-depth analysis and expert commentary on the latest economic trends and events. With a keen understanding of the financial markets and a talent for breaking down complex economic concepts for a general audience, Maurice is a trusted and respected voice in the field.
