Airbnb expects to submit an IPO application in November at the earliest and go public in December. The actual situation will depend on market conditions. Airbnb plans to raise approximately US$3 billion in this IPO.
In August of this year, Airbnb stated that it had secretly submitted an IPO application to US regulators. At that time, a source said that Airbnb may obtain a valuation of more than $30 billion in the IPO.
In April, Airbnb borrowed US$2 billion from investors, when the company was valued at US$18 billion.
According to previous reports, affected by the new crown epidemic, Airbnb bookings have tended to zero for several weeks. Airbnb CEO Brian Chesky previously told employees that the company’s 2020 revenue will be less than half of 2019’s revenue.