{"id":2050,"date":"2020-10-03T05:35:57","date_gmt":"2020-10-03T05:35:57","guid":{"rendered":"https:\/\/businessner.com\/?p=2050"},"modified":"2020-10-03T05:35:57","modified_gmt":"2020-10-03T05:35:57","slug":"airbnb-is-aiming-to-raise-3-billion-after-filing-an-ipo-in-august","status":"publish","type":"post","link":"https:\/\/businessner.com\/airbnb-is-aiming-to-raise-3-billion-after-filing-an-ipo-in-august\/","title":{"rendered":"Airbnb is Aiming to Raise $3 Billion After Filing an IPO in August"},"content":{"rendered":"

Airbnb Inc, the home rental company, confidentially filed<\/a> an initial public offering (IPO) with U.S. regulators this August.<\/p>\n

Now the company is thinking about raising $3 billion from the upcoming IPO, announced Friday<\/a>. The tourism industry was the worst hit sector during the Coronavirus pandemic and Airbnb is expecting a sharp recovery in the future.<\/p>\n

For the investors, Airbnb IPO is good news along with some other giants listing in 2020- Warner Music Group<\/a> and Palantir Technologies<\/a>.<\/p>\n

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\u201cWe are collectively living through the most harrowing crisis of our lifetime, and as it began to unfold, global travel came to a standstill.\u201d<\/p>\n

 <\/p>\n

– CEO Brian Chesky<\/strong><\/p>\n<\/blockquote>\n

According to the Reuters, Airbnb IPO is the \u201cmost anticipated U.S stock market listing in 2020.\u201d<\/p>\n

At present, the company secretly planned to make Airbnb public after the U.S presidential election in November. The IPO is also targeted in December when the time is perfect politically.<\/p>\n

However, market conditions might prompt Airbnb to change the planned time and date to avoid the volatile situation.<\/p>\n