Airbnb Seeks to Raise $3 Billion in December IPO, Reuters Says

Airbnb Inc. is aiming to raise about $3 billion in an initial public offering targeted for December, Reuters reported Friday.

The home-sharing startup is one of the most highly anticipated IPOs of the year and it almost didn’t happen after the Covid-19 pandemic sapped global travel. But San Francisco-based Airbnb has bounced back quicker than it expected, as people sought long-term, rural rentals to escape pandemic hot spots and take advantage of work-from-home regulations.

Airbnb took the first step toward a market listing in August when it filed initial paperwork confidentially with the Securities and Exchange Commission. The company plans ...