[ad_1]
Airbnb on Tuesday revealed the deliberate share worth for its preliminary public providing. The short-term rental firm plans to provide 50 million shares at $44 to $50 per share, in accordance to a submitting with the US Securities and Exchange Commission. The firm seeks to raise $2.5 billion in its IPO, reportedly giving it a valuation of up to $35 billion.
In November, Airbnb filed paperwork for its preliminary public providing, exhibiting that it has been worthwhile in a number of quarters during the last couple of years. The firm has taken successful in latest months, although, due to the coronavirus pandemic as folks reduce on journey and adhered to shelter-in-place mandates.
Airbnb is the most recent personal firm valued at greater than $1 billion — what’s referred to as a unicorn — to head to Wall Street. Ride-hailing corporations Uber and Lyft went public in 2019, and meals supply service DoorDash plans to maintain its IPO this month.
Airbnb plans to commerce on the Nasdaq beneath the image ABNB. Trading is anticipated to begin later this month.
See additionally: Airbnb versus Vrbo: Which trip rental website is greatest for you?
(This story has not been edited by Newslivenation workers and is auto-generated from a syndicated feed.)