World, As Seen from the most beautiful islands: Ireland and Cyprus

AirBnB estimates to attract 42 billion USD with the IPO


Housing rental site Airbnb wants to raise the price of the shares to be issued at the expected IPO to 56 to 60 dollars each. People in the Department report that to Bloomberg. This could bring the value of the company to 42 billion dollars. Previously, it was estimated at 35 billion dollars.

The price of the shares was previously 44 to 50 dollars each, according to sources, who want to remain anonymous because the details of the stock exchange are not yet public. The company does not have to provide that information until it is published when it goes public.

Airbnb announced earlier that it would go public in December, allegedly taking advantage of the strong recovery of recent months. Airbnb has benefited from the fear of many travellers to stay in hotels during the pandemic crisis. With the IPO, Airbnb hopes to raise some $ 3 billion.

Written by: Grace Kennedy

Grace Kennedy is a leading journalist, columnist of events in Ireland and beyond. 8 years in journalism, since she dropped out of university and ran away from home.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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