{"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 \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 Airbnb is aiming for a $30 billion valuation depending on the market condition, according to the recent reports. In April, Airbnb raised a $2 billion debt and valued the company $18 billion.<\/p>\n Unfortunately, the global travel industry is still going through a pandemic shock and the San-Francisco based home rental company needed emergency funding to save the company.<\/p>\n\n
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Airbnb Seeking $30 Billion Valuation in the IPO<\/h2>\n