AirBnB IPO

Business • Economy
Airbnb seeks to raise roughly $3 billion in IPO
Airbnb Office
Airbnb Office Credit: Open Grid Scheduler / Grid Engine (Public Domain)

Reuters report that home rental company Airbnb is aiming to raise around $3 billion in its upcoming initial public offering. Back in August, the company announced it had filed confidentially for the IPO.

The company aims to achieve a valuation of more than $30 billion in the IPO, a value substantially higher than the $18 billion Airbnb was valued at in April.

Business • Economy
Airbnb files to go public
Airbnb files to go public
Credit: Open Grid Scheduler / Grid Engine (Public Domain)

Airbnb announced on Wednesday that it had confidentially filed to go public. Reports indicate the company could have an IPO as soon as the end of the year.

The company had been privately valued at $31 billion before this year and it must now convince investors that it can thrive and turn a profit in a new era of limited travel.