@Diane678
Airbnb announced on August 19th that it has confidentially submitted a draft registration to the Securities and Exchange Commission for the IPO. It's been widely reported that the company is hoping to raise $3 billion.
Earlier this week, Airbnb's board approved a 2-for-1 private stock split. The stock split, which came nto effect on Tuesday, would make it easier and more affordable for small retail and mom-and-pop investors to participate in the IPO because of the lower cost of each share. For those venture capitalists that already own shares, the value of each one will climb 10.4 percent after the split. Before the split, the shares were valued at $69.76 each as of Sept. 30, and after the split, common shares were valued at $34.88 apiece.
The company is planning to list on NASDAQ (AIRB), likely in December. It's widely expected that the public S-1 filing will be released (having been updated with the Q3 results) sometime next week, probably in the days following the US election.
Penelope