Airbnb Aims to Raise $3 Billion in IPO

Airbnb Inc. aims to raise $3 billion in its upcoming initial public offering (IPO) following a sharp recovery in business while the coronavirus pandemic continues to plague the travel industry.

The company said it filed confidentially for an IPO in August with US regulators.

The current plan is for Airbnb to make its filing public in November after the US elections with an IPO targeting December.

Airbnb was valued at $18 billion in April, and its most recent fair market valuation of its stock estimates the company’s value at around $21 billion.

Sources said, subject to market conditions, Airbnb could be valued up to $30 billion.