December 1, 2020

Airbnb seeks valuation up to $35 bn in IPO filing

New York (AFP) – Airbnb is seeking to raise some $2.6 billion in its upcoming share offering, which could give the home-sharing giant a valuation as high as $35 billion, an updated regulatory filing showed Tuesday.The California group said its initial public offering would include some 51.9 million shares in a range of $44 to $50.The latest filing appeared to confirm an upbeat outlook for Airbnb, which has claimed its home-sharing model has proved resilient during the global coronavirus pandemic with travelers seeking safer lodgings and avoiding crowded hotels.Airbnb offered no date for the st…

source https://this.kiji.is/en/706523552924681313?c=648607265489716321

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