The shared hosting platform is set to debut on the Nasdaq on Wall Street in December under the name ABNB.
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Airbnb, the world’s largest shared hosting platform, filed filings with the SEC to debut on the Nasdaq on Wall Street in December.
The San Francisco-based company was trading at $ 1 billion on Monday, a placeholder that will change as its bankers test demand for stocks. The number of shares to be sold and the proposed price range will be announced in a subsequent presentation.
People familiar with the company’s plans have announced they would raise up to $ 3 billion in an IPO in December.
The listing will be one of the biggest this year, crowning an IPO surge that has largely defied the economic devastation caused by the coronavirus pandemic.
Airbnb’s IPO has long been rumored, and in April last year, its CEO Brian Chesky said in an interview that the company was preparing the process when the major impact pandemic on international tourism broke out and was forced to postpone plans.
A year of losses
Between January and September, the platform accumulated losses of $ 697 million due to the decline in tourist activity due to the coronavirus pandemic.