Airbnb to ready IPO filing by Next week, are you buying?

News reaching us from CNBC is that Airbnb will push IPO filling until Next week. Airbnb is spending lots of money due to the coronavirus pandemic and the company plans to quickly enter the public market as its plans maneuver its business and raise money to fund its day to day operations. 

Airbnb will be raising about $3 billion in the offering. If the company is able to raise this much money, it will be valued at $30 billion. If Airbnb's IPO is oversubscribed the value can balloon past the $30 billion estimate IPO.

Bloomberg reported that Airbnb's most recent quarter revenue came in at $355 million, the number declined by 67% year over year.  

Airbnb is in the real estate business, and we can learn a lot from them when they come public. 

Airbnb IPO details 

• Airbnb revenue for the year 2019. -  $4.8 billion 
• EBITDA. in 2017 and 2018 is positive 
• What is Airbnb stock price:  The price of this stock has not been determined yet, it will when the files for IPO. 
• Airbnb stock Symbol:  AIRB is the symbol that it seems like the company will go with, but this symbol may change.