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Seeks valuation of up to $35 billion

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Airbnb plans to price at $44 to $50 per share in its IPO, giving it a valuation of up to $35 billion on a fully diluted basis, according to a new filing the company submitted to the SEC Tuesday. The company seeks to raise about $2.5 billion in the IPO. Existing investors seek to sell $96 million worth of stock in the IPO.

Airbnb’s last private valuation was $18 billion, after it raised $2 billion in debt earlier this year as the company struggled in the early months of the pandemic. That was nearly half its peak private valuation ($31 billion) from 2017.

The company will list on the Nasdaq under the ticker “ABNB.” It’s expected to hold its IPO later this month. Airbnb’s roadshow, where it…



Source cnbc.com

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