Airbnb Inc, a vacation rental online marketplace company, filed Form S-1 Registration Statement on November 16, 2020 with the U.S. Securities and Exchange Commission to raise up to $1 billion IPO. Pricing terms are yet to announce. Sources estimate the total proceeds raised would up to $3 billion.
The company has expanded from homes to now include experiences that can be taken in cities all over the world which more than 220 countries and regions, or even online.
The San Francisco, California -based company was founded in 2008 and booked $3.6 billion in revenue for the 12 months ended September 30, 2020. It plans to list on the Nasdaq Global Select Market under the symbol “ABNB.” Morgan Stanley, Goldman Sachs, Allen & Company, BofA Securities, Barclays, Citi, BNP Paribas, Mizuho Securities, Credit Suisse, Deutsche Bank, Jefferies and Wells Fargo Securities are the underwriters of the IPO.
The company engages Latham & Watkins LLP as US Securities Counsel, and PricewaterhouseCoopers LLP as Independent Auditor.
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