News Today,12th December 2020 :Airbnb, Inc. today announced the pricing of its initial public offering of 51,323,531 shares of Class A common stock, 50,000,000 of which are being sold by Airbnb and 1,323,531 of which are being sold by certain selling stockholders, at a public offering price of $68.00 per share. In addition, Airbnb has granted the underwriters a 30-day option to purchase up to an additional 5,000,000 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions.
Airbnb’s Class A common stock is expected to begin trading on the Nasdaq Global Select Market on December 10, 2020, under the ticker symbol “ABNB.” The gross proceeds from the offering to Airbnb, before deducting underwriting discounts and commissions and other offering expenses payable by Airbnb, are expected to be approximately $3.4 billion, excluding any exercise of the underwriters’ option to purchase additional shares. Airbnb will not receive any proceeds from the sale of shares by the selling stockholders. The offering is expected to close on December 14, 2020, subject to the satisfaction of customary closing conditions.
Morgan Stanley, Goldman Sachs & Co. LLC and Allen & Company LLC are acting as lead book-running managers for the offering. BofA Securities, Barclays and Citigroup are acting as book-running managers.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.