Airbnb plans to IPO in December

Airbnb plans to raise roughly $3 billion in an initial public offering slated for December…

Reuters reported Friday.

The multibillion-dollar target sets the home rental company up for one of the biggest market debuts of the year, joining Snowflake and Palantir as firms to hold massive IPOs amid the coronavirus pandemic.

The offering’s timing is still subject to change, sources told Reuters.

The deal could set Airbnb’s valuation at more than $30 billion, well above the private-market valuation of…

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