According to Barron’s, “Airbnb is scheduled to price its initial public offering on Dec. 9 and trade Dec. 10, three people familiar with the situation said. The start-up is expected to trade on the Nasdaq Stock Market under the ticker ABNB. Morgan Stanley and Goldman Sachs are lead underwriters on the deal, according to Airbnb’s prospectus.”
“Getting a jump on the competition, Atlantic Equities analyst James Cordwell picked up coverage of Airbnb with an Overweight rating and $75 price target, a week before the stock even begins trading.”
“Earlier this week, Airbnb set a projected target range of $44 to $50 a share for its initial public offering. The company plans to sell 50 million shares, while existing shareholders are selling another 1.9 million.”
Read more about Airbnb’s IPO filing.