The Alphabet-backed accommodation marketplace priced its initial public offering well above its range in the second huge flotation this week, to secure a $47bn valuation.
US-headquartered short-term accommodation marketplace Airbnb is going public today in a $3.49bn initial public offering on the Nasdaq Global Select Market representing an exit for internet and technology group Alphabet.
The company is issuing 50 million class A shares priced at $68.00 each, significantly above the offering’s $56 to $60 range, while its shareholders are divesting just over 1.32 million shares at the same price.
The price values Airbnb at roughly $47bn, although recent first-day leaps by the likes of…
