Investor Alert

New York Markets Close in:

Market Pulse Archives

Nov. 27, 2020, 2:05 p.m. EST

Airbnb IPO could go public as early as mid-December: analyst

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Airbnb Inc. Cl A (ABNB)

or Cancel Already have a watchlist? Log In

By Jon Swartz


Most eyes in the tech IPO market are trained on Airbnb Inc. /zigman2/quotes/222990650/composite ABNB -4.49% , whose richly anticipated public offering could raise as much as $1 billion before the end of the year. In a note Friday, MKM Partners analyst Rohit Kulkarni believes the San Francisco-based company could kick off its IPO roadshow after Thanksgiving and possibly start trading as a public company in the second week of December. Kulkarni is bullish on the company, following a recent rebound in business and some cost cutting. Airbnb reported revenue of $1.34 billion for this year’s third quarter -- its second-biggest quarter ever. Kulkarni predicts Airbnb's 2021 bookings could exceed 2019 levels. What is more, he predicts year-over-year sales growth of 30% to 60% in 2021.

US : U.S.: Nasdaq
$ 165.89
-7.80 -4.49%
Volume: 5.51M
Jan. 20, 2021 2:40p
P/E Ratio
Dividend Yield
Market Cap
$104.64 billion
Rev. per Employee

Get news alerts on Airbnb Inc. Cl A — or create your own.
This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.