SAN FRANCISCO, Dec. 9, 2020 /PRNewswire/ -- Airbnb, Inc.
today announced the pricing of its initial public offering of
51,323,531 shares of Class A common stock, 50,000,000 of which are
being sold by Airbnb and 1,323,531 of which are being sold by
certain selling stockholders, at a public offering price of
$68.00 per share. In addition, Airbnb
has granted the underwriters a 30-day option to purchase up to an
additional 5,000,000 shares of Class A common stock at the initial
public offering price, less underwriting discounts and commissions.
Airbnb's Class A common stock is expected to begin trading on the
Nasdaq Global Select Market on December 10,
2020, under the ticker symbol "ABNB." The gross proceeds
from the offering to Airbnb, before deducting underwriting
discounts and commissions and other offering expenses payable by
Airbnb, are expected to be approximately $3.4 billion, excluding any exercise of the
underwriters' option to purchase additional shares. Airbnb will not
receive any proceeds from the sale of shares by the selling
stockholders. The offering is expected to close on December 14, 2020, subject to the satisfaction of
customary closing conditions.
Morgan Stanley, Goldman Sachs & Co. LLC and Allen &
Company LLC are acting as lead book-running managers for the
offering. BofA Securities, Barclays and Citigroup are acting as
book-running managers. BNP PARIBAS, Mizuho Securities, Credit
Suisse, Deutsche Bank Securities, Jefferies and Wells Fargo
Securities are acting as joint book-running managers. Baird,
Canaccord Genuity, Cowen, D.A. Davidson & Co., JMP Securities,
KeyBanc Capital Markets, Needham & Company, Oppenheimer &
Co., Piper Sandler, Raymond James, Stifel, Wedbush Securities,
William Blair, Academy Securities,
Blaylock Van, LLC, CastleOak
Securities, L.P., C.L. King & Associates, Guzman & Company,
Loop Capital Markets, MFR Securities, Inc., Mischler Financial
Group, Inc., Ramirez & Co., Inc., Siebert Williams Shank, Telsey Advisory Group
and Tigress Financial Partners are acting as co-managers for the
offering.
A registration statement relating to the shares being sold in
this offering was filed with the Securities and Exchange Commission
and became effective on December 9,
2020. The offering is being made only by means of a
prospectus, copies of which may be obtained, when available, from:
Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180
Varick Street, 2nd Floor, New York,
NY 10014; Goldman Sachs & Co. LLC, Attention: Prospectus
Department, 200 West Street, New York,
NY 10282, by telephone at (866) 471-2526, or by email at
prospectus-ny@ny.email.gs.com; Allen & Company LLC, Attention:
Prospectus Department, 711 Fifth Avenue, New York, NY 10022, by telephone at (212)
339-2220, or by email at allenprospectus@allenco.com; BofA
Securities, NC1-004-03-43, 200 North College Street, 3rd floor,
Charlotte, NC 28255-0001, Attn:
Prospectus Department, or via email:
dg.prospectus_requests@bofa.com; Barclays Capital Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, or by
telephone at (888) 603-5847; or Citigroup Global Markets Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, or by
telephone at (800) 831-9146.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
the registration or qualification under the securities laws of any
such state or other jurisdiction.
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SOURCE Airbnb, Inc.