Short-term home rental company Airbnb is preparing to list on the US stock exchange. It aims to launch its initial public offering on December 9, with trading starting on December 10 under the ticker ABNB, targeting a $3 billion raise. The company is aiming for a valuation of $35 billion.
In April, the company was valued at $18 billion, below the $26 billion mentioned by Airbnb as an internal valuation in early March 2020. In May, Airbnb announced the layoff of 1,900 employees, representing 25% of its workforce.
Frequently Asked Questions
When will Airbnb list on the stock exchange?Airbnb plans to launch its initial public offering on December 9, with trading starting on December 10.
What is Airbnb’s stock ticker symbol?The company will be listed under the ticker symbol ABNB.
How much capital does Airbnb aim to raise through its IPO?Airbnb aims to raise $3 billion, targeting a total valuation of $35 billion.