Initial Public Offering

Technology & Services
Initial Public Offering

Summary

Baird served as a co-manager on this offering

About

Airbnb, Inc. (the “Company”) (NASDAQ: ABNB), recently completed an upsized initial public offering of 56,323,531 shares of Class A common stock at a price of $68.00, generating gross proceeds of approximately $3.8 billion, including exercise in-full of the underwriters’ option to purchase 5,000,000 additional shares. The offering was comprised of 55,000,000 shares sold by the Company and 1,323,531 shares sold by certain selling stockholders. The Company intends to use the net proceeds from the offering for general corporate purposes and growth capital.

Airbnb, Inc. is an online marketplace for people to list, discover, and book accommodations worldwide. The Company connects people looking to rent out their homes with people searching for accommodation. Airbnb, Inc. lists different kinds of properties, including single rooms, apartments, moored yachts, houseboats, and houses. The Company enables users to search the database by date, location, price, property type, amenities, and the language of the host. Airbnb, Inc. also allows its users to share their travel experiences and publishes an online travel magazine under the brand name Airbnbmag. Airbnb, Inc. was formerly known as AirBed & Breakfast, Inc. and changed its name to Airbnb, Inc. in March 2009. The Company was founded in 2007 and is based in San Francisco, California with offices across the United States, Europe, Asia, Australia, and New Zealand.
CONTACT US TO LEARN MORE
Technology & Services
Initial Public Offering
Date
December 2020
Company
Airbnb, Inc.
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

Share