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Added on the 10/12/2020 09:55:51 - Copyright : Wochit
Dia Dipasupil/Getty Images Home-sharing company Airbnb filed for its initial public offering on Monday afternoon. The "Risk Factors" section of the document highlights how hard the coronavirus pandemic has been on the company, and how severely in debt it was even before 2020. Everything from the impacts of COVID-19 to the company's struggles with lawmakers is highlighted and detailed by Airbnb as potential risks to its business. We break down the full list below. Visit Business Insider's homepage for more stories.
Business Insider reports that Airbnb is planning to raise $2.6 billion in its mid-December IPO. The IPO would give Airbnb a valuation of up to $35 billion. The company plans to list about 50 million shares at between $44 and $50 per share, a regulatory filing showed. Airbnb will list on the NASDAQ under the symbol "ABNB." It was previously eyeing a $30 billion valuation, with $3 billion in proceeds.
Joe Scarnici/Getty Airbnb aims to IPO in December and will seek to raise about $3 billion, Reuters reported Friday. The debut could value the company at more than $30 billion, sources told Reuters. Airbnb's fundraising target establishes the upcoming offering as one of the biggest of the year alongside Snowflake and Palantir. Visit the Business Insider homepage for more stories. The multibillion-dollar target sets the home rental company up for one of the biggest market debuts of the year, joining Snowflake and Palantir as firms to hold massive IPOs amid the coronavirus pandemic.
Senegalese opposition leader Ousmane Sonko makes his first public appearance in months, greeting and waving at hundreds of supporters in the capital Dakar, a day after his release from prison. Sonko is welcomed by the crowd ahead of a press conference he was due to hold with his deputy, Bassirou Diomaye Faye, who was also released from prison on Thursday and who Sonko has endorsed as a candidate for the country's March 24 presidential vote. IMAGES
Metro, bus and tramway services are at a standstill in Berlin, as in many other German cities, due to a strike by public transport employees. IMAGES
Chileans line up outside the former National Congress to pay their respects to former president Sebastian Pinera, whose funeral is scheduled for February 9. The 74-year-old billionaire served two non-consecutive terms in office, leaving his final mandate in 2022. IMAGES COMPLETE VIDI34HW93Y_EN