Airbnb Sets IPO Price at $ 44-50 per Share to Raise Up to $ 2.85 Billion | Fundraising | Actions | IPO_Sina Prices Technology_Sina.com



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Original headline: Airbnb sets IPO price at $ 44-50 per share to raise a maximum of $ 2.85 billion. Source: Sina Technology

According to reports, Airbnb set the IPO price at $ 44-50 per share, issuing 51.9 million Class A shares and raising up to $ 2.85 billion. Airbnb had previously announced its Nasdaq listing plan, and the prospectus was first published on November 17.The prospectus released for the first time showed its income and losses before and after the outbreak. Airbnb mentioned in the prospectus and application documents that for the nine months ending September 30, Airbnb’s total orders were $ 18 billion, a 40% year-over-year decrease and a net loss of 697 million. of dollars, compared to 323 million dollars in the same period last year.

A few days ago it is rumored that Airbnb will increase the valuation range and its target range will be between 30 and 33 billion US dollars, higher than the previous 30 billion US dollars.

Airbnb will own three types of shares: Class A shareholders will receive one vote per share and Class B shareholders (including Airbnb’s founders and early investors) will receive 20 votes per share. Class H does not vote, mainly for long-term holders.

Airbnb’s largest shareholders include Silver Lake and Sixth Street, which invested in the company when the outbreak broke. Sequoia Capital, Founders Fund and Accel also have sizable stakes. Airbnb founder and CEO Brian Chesky, Nathan Blecharczyk and Joe Gebbia each own approximately 15% of the Class B shares.


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