Airbnb, Inc.

Airbnb, Inc. (ABNB) priced its initial public offering on Dec 11, 2020 at $68.00 per share, above its $56.00–$60.00 range, raising $3.49B, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $40.63B. Morgan Stanley was lead-left underwriter, joined by Goldman Sachs, Allen & Company and BofA Securities and others. Latham & Watkins and Fenwick & West advised the company and Simpson Thacher advised the underwriters.

Airbnb, Inc. operates a global platform connecting hosts in more than 220 countries and regions with a guest community, for booking nights and experiences. It had offices in 24 cities, and 53% of its revenue in the nine months to September 2020 came from outside the United States.

Status

IPO

Ticker

ABNB

Exchange

Nasdaq Global Select

Priced

Dec 11, 2020

IPO price

$68.00

Price range

$56.00–$60.00

Raised

$3.49B

Market cap at IPO price

$40.63B

First filed

Nov 16, 2020

Underwriters

Morgan Stanley, Goldman Sachs, Allen & Company, BofA Securities, Barclays, Citigroup, Mizuho, Credit Suisse, Deutsche Bank, Jefferies, Wells Fargo and Baird

Company counsel

Latham & Watkins and Fenwick & West

Underwriters' counsel

Simpson Thacher

Sector

Business services

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.