Air bnb Inc, a home-rental start-up, expects to list its Nasdaq shares, setting the stage for one of the highest-profile stock market debuts in 2020.
It was announced this month that the company was looking to raise $3 billion in its IPO, which could give it more than $30 billion in value, and that before the end of the year it was targeting a listing.
Air bnb’s remarkable turnaround from earlier this year, when it received emergency support from investors and the outlook for the travel industry was unclear, is underscored by the drive to go public and the rise in its future valuation.
Air bnb did not offer a timetable for its IPO to be completed. In August, the company confidentially filed with U.S. regulators for an IPO.
Reuters stated earlier this year that Airbnb had been approached by billionaire investor William Ackman about going public via a reverse merger with his blank-check business, but that Airbnb was prioritising a conventional IPO to go public.
Overview: Air bnb
Air bnb is an online platform that links individuals who want to rent their homes to individuals in that location who are looking for accommodation. It currently encompasses more than 81,000 cities worldwide and 191 countries. The company got its derived from “air mattress B&B.”
For hosts, it is a way to earn some income from their property to participate in Air bnb, but with the risk that the guest will harm it. The profit could be relatively affordable accommodation for visitors, but with the risk that the property would not be as desirable as the listing made it seem.
Air bnb hosts list various different types of properties on the Airbnb website, such as single rooms, a suite of rooms, studios, moored yachts, houseboats, whole homes, even a castle.
In order to list their assets, hosts don’t have to pay. Listings can include written explanations, captioned images, and a user profile where potential visitors may get to know the hosts a little bit.
Hosts should set their own price: it’s up to each host to dictate how much per night, week, or month to charge.