- General
- October 4, 2020
- 4 minutes read
Airbnb Targets December IPO
Brian Chesky, CEO, Airbnb. Home rentals company Airbnb is aiming to hold an initial public offering (IPO) that’ll raise around…
Brian Chesky, CEO, Airbnb. |
Airbnb, a 12-year-old company, has long been considered and watched closely as an IPO candidate from the technology industry. Throughout its history, Airbnb has raised billions of dollars in funding from dozens of investors, among them notable names like Andreessen Horowitz, DST Global, Sequoia Capital, Silver Lake, Founders Fund, and Fidelity. Being one of the most funded and highest-valued private technology companies, Airbnb’s investors are likely looking forward to their paydays on the public markets, as well as the company’s employees.
In September last year, Airbnb announced its intention to hold a public listing in 2020, a road the company was likely up to until a coronavirus pandemic dealt blows to its business in the early months of this year. Now on an apparent recovery, Airbnb seems keen on going on with its plans even if it means going public at the tail end of 2020.