IPO News

Airbnb, the home rental company is filing for IPO

Experts said that Airbnb the home rental company can make an initial public offering (IPO) registration public there are cases rising and there is a spike in the US also.

This move will also place the San Francisco-based company on track for the stock market.

In December, there will be something planned by Airbnb, set an IPO price range and kick off an investor roadshow.

Airbnb said they will raise around 3 billion hoping to secure a valuation of more than $30 billion in the IPO.

Silver Lake and Sixth Street Partners, are some of the investors from which Airbnb secured funding when there was first wave of covid.

The company also mentioned that in July almost booked more than 1 million nights in a single day after the march.

To choose the next US President, the company recorded more than 100,000 infections for the second day in a row which is shocking.

Airbnb in October said that it is difficult to manage all of this financially because it is very difficult and the company will go in losses if something will not be done soon.


Check all the recent news updates and share market updates here:


 

 

Get 90% Discount on Brokerage Now! Open Demat Account