Airbnb targets $32B valuation in highly anticipated IPO
December 2, 2020
Airbnb plans to sell 50 million shares in an initial public offering that could give the vacation rental giant a fully diluted valuation of around $32 billion at the midpoint of its $44 to $50 per share range.
Airbnb co-founders Brian Chesky, Joe Gebbia and Nathan Blecharczyk are selling some 1.9 million shares, bringing the total size of the IPO to 51.9 million shares, according to an SEC filing.
At the offering's midpoint price of $47 per share, Airbnb's leading outside investor, Sequoia, would own a post-IPO stake worth $3.85 billion and Founders Fund's shares would have a value of $1.25 billion.
Airbnb sold shares at $52.50 apiece in a 2017 Series F, reportedly led by CapitalG and TCV. General Atlantic, Hillhouse Capital Group and Tiger Global are said to have led the company's 2015 Series E, which was priced at $46.55 per share.
Airbnb co-founders Brian Chesky, Joe Gebbia and Nathan Blecharczyk are selling some 1.9 million shares, bringing the total size of the IPO to 51.9 million shares, according to an SEC filing.
At the offering's midpoint price of $47 per share, Airbnb's leading outside investor, Sequoia, would own a post-IPO stake worth $3.85 billion and Founders Fund's shares would have a value of $1.25 billion.
Airbnb sold shares at $52.50 apiece in a 2017 Series F, reportedly led by CapitalG and TCV. General Atlantic, Hillhouse Capital Group and Tiger Global are said to have led the company's 2015 Series E, which was priced at $46.55 per share.