Airbnb Plans IPO, Seek About $3 Billion

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.