Airbnb aims for up to $30 bln valuation in IPO

Sinopharm Tech Holdings

01/12/2020 12:38

Dec 1 (Reuters) - Airbnb Inc is looking to raise up to $2.85
billion at a valuation of roughly $30 billion in its stock
market listing, the last blockbuster U.S. initial public
offering in a bumper year as tech-focussed startups take
advantage of a stunning surge in stock prices.
    The home rental firm plans to sell about 57 million shares
priced between $44 and $50 each, it said in a regulatory filing
on Tuesday.

 (Reporting by Anirban Sen and Noor Zainab Hussain in Bengaluru
and Joshua Franklin and Chibuike Oguh in New York; Editing by
Saumyadeb Chakrabarty)
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