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Airbnb Lines Up Public IPO Filing For 2020 Debut

plans to make a public IPO filing next week, putting it on course for a New York stock market debut in December, according to a Reuters on Thursday citing two people familiar with the matter.

The hospitality unicorn’s planned debut is set to be one of the largest U.S. stock market listings of 2020. Notably, it’s occurring amid a pandemic that has impacted the business in unforeseen ways.

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The San Francisco-based company has seen demand for house rentals surge among customers looking for getaways that enable them to practice social distancing. At the same time, the business has been affected by the overall slowdown in travel amidst the COVID-19 pandemic.

Airbnb reportedly plans to set an IPO price range and launch an investor roadshow in December, subject to market conditions. Previously, it’s been reported that the company is seeking to raise around $3 billion in its public offering, with a likely initial valuation of more than $30 billion.

The company has raised at least $6.4 billion from investors including ,听补苍诲听. It was last valued at around $18 billion after a聽$1 billion private equity round in April. That鈥檚 down from the some $26 billion Airbnb was valued at in early March, according to聽, before the COVID-19 pandemic took hold. The company has grown to include over 7 million listings across more than 220 countries and regions around the world.

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