Airbnb IPO filing seek 35 billion

The California home sharing giant is seeking to raise $2.6 billion in the upcoming share offering. This means their valuation can go up to $35 billion dollars, with the offering of 51.9 million shares would be trading. Their prices may range from $44 to $55. The stock is expected to be trading sometime this month, but there are no dates yet as of when the stock would start trading. 

The company Airbnb last month released their financial details showing how resilient they are to this pandemic. The company's 3rd quarter profit was $219 million, but lost $697 million in the first nine months of the year 2020. 

According to their fillings the company has had more losing quarters, but has started to show profit on the 3rd quarter of each year from 2018 to date. The company symbol that would be trading under is ABNB.

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