Airbnb Generates 3.5 Billion from Its IPO

Airbnb Generates 3.5 Billion from Its IPO Airbnb generates $ 3.5 billion from its IPO. Thus, the value of the company reached 47 billion dollars. The long-awaited public offering of home rental platform Airbnb has finally come true. The company recorded a valuation above the price range set at the IPO and generated $ 3.5 billion in IPO revenue. Home rental platform Airbnb sold 52 million shares for $ 68. Shares were marketed at $ 56-60 during book building. After the public offering, Airbnb's market value rose to $ 47 billion. With the public offering of the company, the size of the public offering in the US stock markets increased to 163 billion dollars. Although international travel declined during the new type of coronavirus (Covid-19) epidemic, short-distance travel kept Airbnb alive compared to hotels. In the third quarter of the year, Airbnb's revenues declined by 18 percent, while Expedia and Marriott's revenues decreased by close to 60 percent. Organizations such as Morgan Stanley and Goldman Sachs acted as demand collectors in the company's IPO.