Woman is installing Airbnb application on smartphone. Photo: TY Lim/Shutterstock.com Latham Guides Airbnb in 2020's Biggest IPO
Airbnb's offering, which beat both DoorDash and Snowflake, involved a deal team from Latham & Watkins, while Simpson Thacher & Bartlett represented the underwriters.
December 10, 2020 at 02:31 PM
2 minute read
After months of waiting and weathering a pandemic that has decimated the travel and lodging industries, short-term rental giant Airbnb finally went public Thursday, pricing its initial offering at $68 per share, well over the estimated range of $56 to $60 many analysts had predicted. That puts the company at an enterprise value of about $47 billion.
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