It's important to understand how the company's valuation could more than double before shares even became available to the average investor. Over the past seven years, the company has raised more than $4.5Bn in capital, helped 150M clients to find housing, and raised more than $40Bn in cumulative bookings through 2016. Airbnb plans to raise $3 billion from investors in the Airbnb IPO transaction. Today, Airbnb is one of the biggest travel companies in the world. Sign up for the Herald's here and The Age's here. The company first filed its listing in November 2020. However, in a sign of an early recovery, the San Francisco-based startup said in July guests had booked more than 1 million nights in a single day for the first time since March 3. I was able to buy significantly below opening-day trading prices, but my purchase was small enough to be largely symbolic. "Airbnb is rooted in the fundamental idea that people are good and we're in this together," said Chesky, whose stake in the company tops $11 billion. Its share price opened at US$146 on the Nasdaq more than twice the IPO price of US$68 and hit a high of US$165 before closing at US$144. Airbnb raises share pricing range before IPO on Thursday New figure follows surprise third-quarter profit and values the company at up to $42bn Staff and agency In this FREE STOCK REPORT, Scott Phillips just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. By April, room bookings and experiences had plunged 72 per cent. In fact, I figured the company had a good chance of reaching a valuation of $100 billion within the next six months. The Motley Fool Australia has no position in any of the stocks mentioned. The company had initially set a price range of $44 to $50 for it shares, but raised that to a range of $56 to $60 earlier this week indicating rising investor demand. Of course, none of Airbnb’s IPO … Airbnb — which has never posted an annual profit — said its revenue fell 32% to $2.5 billion in the first nine months of this year as the coronavirus forced travelers to cancel their plans. The company’s IPO plans were put on hold in March as the pandemic ground global travel to a halt. When the initial price range for Airbnb stock was announced at between $44 and $50 per share, valuing the company at as much as $35 billion, my eyes saw dollar signs. You can unsubscribe at anytime. - Renaissance Capital The company announced last year that it planned to go public in 2020, but the COVID-19 pandemic initially raised questions if an IPO was still in the cards. Wary of what happened to WeWork, Airbnb is reportedly looking at a direct listing or acquisition by a special purpose acquisition company (SPAC) as an alternative to an IPO. The Motley Fool has a disclosure policy. The market demand and interest in Airbnb’s shares is clearly high, yet if we were to look at the fundamentals, is Airbnb worth a valuation of above US$100 billion? Airbnb’s stock opened at $146 per share Thursday — more than double the figure the company set for its IPO the night before. An Airbnb pre-IPO stock split gives the company’s potential public debut more momentum because its share price in theory would be lower. The number of shares to be offered and the price range for the IPO have not yet been determined, the company said. The implied valuation of roughly $47 billion was still well below my near-term target level, but warning signs that the IPO was becoming too hot for me were starting to pile up. The case can be made that the tech economy is at a much more advanced stage than it was roughly two decades ago, while also having a future that's brighter than ever. With an easy-to-use platform that connects travelers and renters with property owners, it has already disrupted the hotel and vacation-rental industry and has plenty of room for long-term expansion. Then, Airbnb increased its projected IPO pricing range to between $56 and $60 per share -- valuing the company at about $42 billion. If the company nose-dives into the concrete post IPO, many of us could end up on the liquidator's list of creditors (and probably at the absolute bottom of the list). The company seeks a valuation of over $40B on a fully diluted basis as per the latest filings submitted to the Securities and Exchange Commission. 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