AirBnB IPO

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.

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.