Airbnb is steps away from becoming a public company
As it is well-known, the pandemic has affected the travel
industry, causing significant damages. But companies found the strength to
overcome setbacks and go on with their plans. This seems to be the case for Airbnb,
which soon plans to go public.
Airbnb – the company which allows people to book short-term
locations and experiences filed for its long-expected IPO. According to its
filing, the company that offers rentals in locations is looking to raise at
least $1 billion.
In the past quarter,
Airbnb reported revenues of $1.34 billion, and a net income of $219 million.
The rebound was possible due to the surge in demand for rentals in rural areas
as people fled the cities. Airbnb has raised a
total of $6.4B
in funding over 23
rounds. Their latest funding was raised on Jun
3, 2020 from a Secondary
Market round. Airbnb
is funded by 67
investors, with Sequoia Capital, Sixth Street, Silver Lake, Fidelity and BlackRock amongst
the most notable ones.
The company plans to list its shares on NASDAQ under the
ticker symbol ABNB. Goldman
Sachs and Morgan
Stanley will act as main underwriters, while Wells Fargo, Citigroup and Bank
of America are some of the co-bookrunners.
Until everything becomes a reality, keep an eye on what’s
happening on the markets with ClickTrades.com!
Sources: cnbc.com, sec.gov.com, crunchbase.com
