• 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.


Home rentals company Airbnb is aiming to hold an initial public offering (IPO) that’ll raise around $3 billion from investors in December, according to a report from Reuters. The popular home rentals company saw its business dwindle in the earlier stages of the coronavirus pandemic but seem to have significantly recovered in later times and is now looking to take advantage of that recovery for a long-planned public listing. According to Reuters, Airbnb is targeting a valuation of over $30 billion on the public markets, much higher than an $18 billion valuation which the company got after it secured urgent funding on the heels of the coronavirus pandemic.

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. 



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