1M Nights to $30B IPO, Airbnb on Nasdaq & EU Digital Markets Act
According to a Reuters report, Airbnb, an American vacation rental online marketplace company based in San Francisco, California, United States, is looking to IPO by December 2020. Airbnb is set to file for IPO registration for a debut on the New York stock market amidst the pandemic. All eyes are on Airbnb's listing on the Nasdaq as company officials report an increase in demand for house rentals against hotel bookings due to global Covid-19 restrictions on travel and experience.
As per Reuters, earlier in April 2020, Airbnb secured a $1 billion loan just days after closing a $1 billion debt deal from Owl Rock, Sixth Street Partners, Silver Lake, Oaktree Capital Management, and Apollo Global Management. As it moved along, in August 2020, Airbnb filed for IPO, hoping to raise an additi...