Airbnb's IPO is the biggest by a U.S. operating company in 2020 in what has been an active year for U.S. listings, with the likes of tech companies DoorDash Inc and Snowflake Inc going public.
MIAMI/ NEW YORK: Airbnb Inc said late on Wednesday it sold shares in its initial public offering (IPO) at $68 a piece, above its targeted price range, to raise around $3.5 billion.
The IPO gives Airbnb a fully diluted valuation - which includes securities such as options and restricted stock units - of $47.3 billion, capping a turnaround in fortunes for the U.S. home rental firm that was hit hard by travel restrictions used to curb the COVID-19 pandemic.
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