airbnb targeting  billion in december ipo
Source: Getty

Airbnb Targeting $3 Billion in December IPO


Oct. 5 2020, Updated 8:31 a.m. ET

Airbnb is gearing up to join the 2020 IPO party, which includes Snowflake, Palantir, and GoodRx. Will the Airbnb IPO come before or after the presidential election in November? What will Airbnb’s IPO price be? Should you buy the stock? These are some of the questions investors looking forward to the Airbnb IPO are asking. 

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airbnb stock ipo
Source: istock

What is Airbnb?

Airbnb operates in the hospitality industry. The company runs an online marketplace where travelers shop for accommodations. Based in San Francisco, the company started in 2008. Airbnb is available worldwide and has served more than 500 million travelers. Airbnb CEO Brian Chesky's net worth is $3.1 billion

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When is Airbnb's IPO date?

Airbnb confidentially filed its IPO documents with the SEC, which officially kicked off the process to become a publicly-traded company. When is Airbnb's IPO date? The confidential filing means that most of Airbnb's IPO is still a mystery to outsiders. However, sources told Reuters that Airbnb is targeting to go public after the presidential election in November. Airbnb's IPO date could be in December.

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What is Airbnb's IPO price?

Currently, Airbnb's IPO price isn't known. The price might be available after the company releases its public listing filing. The information might be released in November as Airbnb prepares for a likely December listing. While Airbnb's IPO price remains a well-guarded secret right now, the company aims to raise about $3.0 billion through the public listing of its stock at a valuation of more than $30 billion.

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What is Airbnb stock symbol?

The confidential IPO filing means that Airbnb's stock symbol hasn't been revealed. Investors should know the stock symbol after the company unseals its confidential IPO filing. Unsealing Airbnb's IPO documents will reveal whether the stock will trade on the NYSE or Nasdaq.

Should you buy Airbnb's stock IPO?

Before buying any stock, it’s smart to identify your investing objective and know your risk profile. Tech companies like Airbnb don’t usually pay dividends, so they may not be the best stock picks for investors seeking a regular income stream. However, Airbnb stock could appeal to growth investors who are willing to buy and wait for the investment to appreciate. Investors who bought Expedia's IPO stock at $14 have seen their investment appreciate nearly 600 percent.

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airbnb travel
Source: istock

As part of due diligence, investors looking to buy Airbnb stock should know how the COVID-19 pandemic is impacting the company’s business and what the future might hold. Cautious travelers are avoiding large hotels in favor of local vacation rentals amid the COVID-19 pandemic. The shift is an added advantage to Airbnb during the COVID-19 pandemic. The global online travel industry is on track to more than double its size to $1.1 trillion in 2023 from about $600 billion in 2017.


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