Welcome, Guest: Join Kenyans247 Log In!

Stats: 299 Members, 16,255 topics and 65 posts Date:  Saturday 16 January 2021 at 10:58 AM
Popular & Trending NewestFeatured Links ClassifiedDirectoryLivescoresLive Kenyan TVLive Kenyan Radio Follow Us Like Us

About Us Terms & Conditions Privacy Policy FAQ's Disclaimer Copyright Contact Us Advertise With Us Download K247 APP Marketplace Moderator Policy We Are Hiring Kenya Radio and TV Stations Listen and Watch Live Letter From the C.E.O Kenya Radio Stations Live Kenya TV Stations Live Kenya - Newspapers and News Sites and popular blog Forum Rules

Airbnb plans to raise price target range for IPO: source

Kenyans247 / Kenyans247 / General / International Forum / Airbnb plans to raise price target range for IPO: source

29 people viewed

Nys Recruitment Halved As Plans To Improve Trainee Welfare Take Shape Traders Devise Plans To Avoid Old Sh1,000 Notes Airbnb Plans To Raise Price Target Range For Ipo: Source Nation Media Group To Re-launch Swahili Station As Tv47 Plans To Also Go Live In Swahili
(Go Down) (» Reply topic)
Airbnb plans to raise price target range for IPO: source by Kenyans247(1): Mon 07, December, 2020 09:40am
(Reuters) - Airbnb Inc has plans to raise the target price range for its initial public offering (IPO) to between $56 and $60 per share, underscoring demand for new U.S. stocks, a person familiar with the matter said on Sunday.

The U.S. home rental firm had on Tuesday set a price range for its IPO to sell shares at $44 and $50 apiece.

Airbnb could communicate the upwardly revised price range to investors in a public filing on Monday, the source added, requesting anonymity as the plans are private.At the upper end of the new range, Airbnb would sell $3.1 billion in stock and have a fully diluted valuation, which includes securities such as options and restricted stock units, of $41.8 billion.

This is well above the $18 billion Airbnb was worth in an April private fundraising round in the early weeks of the COVID-19 pandemic in the United States, and above the $31 billion in its last pre-COVID-19 fundraising in 2017.

Airbnb’s stock market debut, slated for Dec. 10 on Nasdaq, will be one of the largest and most anticipated U.S. IPOs of 2020, which has already been a bumper year for flotations.Record label Warner Music Group, data analytics firm Palantir Technologies and data warehouse company Snowflake Inc have all gone public in the past few months.

Food delivery startup DoorDash Inc on Friday also raised its IPO target price range.

News of the planned IPO price increase was first reported by the Wall Street Journal.

Reporting by Joshua Franklin in Miami; editing by Diane Craft
https://www.reuters.com/article/us-airbnb-ipo/airbnb-plans-to-raise-price-target-range-for-ipo-source-idUSKBN28H046

0 Shares 0 Like •

(» Go Up)

You must Sign in or Sign Up to post content

For you to post content on this website you have to log in or register, it only take few minute to create account

Go Up

Recommended for you

Woman Plans To Marry Aeroplane After Dating It For 5 Years So Funny Indeed Airbnb Plans To Raise Price Target Range For Ipo: Source Nation Media Group To Re-launch Swahili Station As Tv47 Plans To Also Go Live In Swahili How To Get Started As An Airbnb Host In Kenya

Currently: 1 guest(s) reading this article

Sections: Huduma Centre, Health, Agriculture, Investment, Properties, Universities, Computers, Art, Graphics & Video, Webmasters, Innovation, Sports, TV/Movies, Celebrities, Events, K247 TV, Burundi Forum, Tanzania Forum, Rwanda Forum, Somalia Forum, Ugandan Forum,

About Us | Terms & Conditions | Privacy Policy | FAQ's | Disclaimer | Copyright | Contact Us | Advertise With Us | Download K247 APP | Marketplace | Moderator Policy | We Are Hiring | Kenya Radio and TV Stations Listen and Watch Live | Letter From the C.E.O | Kenya Radio Stations Live | Kenya TV Stations Live | Kenya - Newspapers and News Sites and popular blog | Forum Rules | Featured LinksFollow Us on TwitterLike Us on Facebook

Kenyans247 - Copyright © 2019 - 2021 Sande Kennedy. All rights reserved. See How To Advertise.
Disclaimer: Every Kenyans247 member is solely responsible for anything that he/she posts or uploads on Kenyans247.