Dec 1, 2020 - Economy

Airbnb seeking $2.6 billion in IPO

Illustration of a hundred dollar bill as a welcome mat at an open door

Illustration: Sarah Grillo/Axios

Hospitality giant Airbnb on Tuesday set terms for its upcoming IPO, saying it plans to raise up to $2.6 billion.

Big number: The company would have an initial market cap of $28 billion, or an enterprise value of around $32 billion, were it to price shares in the middle of its proposed price range of $44-$50 per share.

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