Airbnb Hopes to Raise $3 Billion in a December IPO
Photo Credit: An Airbnb Luxe rental in Oracabessa, Jamaica. Airbnb wants to do an IPO in December 2020. Airbnb
Skift Take
Airbnb's proposed December timing for an initial public offering could be dicey because the U.S. presidential election and its aftermath is such a wild card at this point. Still, a $3 billion funding infusion could help Airbnb pay down the high-interest private equity debt that it raised earlier this year.
Airbnb plans on waiting until December, after the expected market volatility of the U.S. presidential election, to execute an initial public offering and to raise about $3 billion.
The funding infusion wouldn't be huge when you consider that Airbnb raised about $2 billion in debt at double-digit interest rates in two rounds from private equity investors in April.
Reuters broke the story about the timing of Airbnb's potential IPO, reporting that the home-sharing company wanted to wait until after the U.S. presidential
