Airbnb Hopes to Raise $3 Billion in a December IPO – Skift

Airbnb plans on waiting until December, after the expected market volatility of the U.S. presidential election, to execute an initial public offering and to raise about $3 billion.

The funding infusion wouldn’t be huge when you consider that Airbnb raised about $2 billion in debt at double-digit interest rates in two rounds from private equity investors in April.

Reuters broke the story about the timing of Airbnb’s potential IPO, reporting that the home-sharing company wanted to wait until after the U.S. presidential election, and would aim to hit the public markets in December.

Sources told Reuters that Airbnb, which has seen a surge of bookings in the past few months, could generate a $30 billion valuation, which would be on par with the level it achieved in 2019, but would be way higher than the $18 billion valuation it garnered from the recent private equity investments.

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