Deals 12/09/2020

Loop Capital Markets participates as co-manager on the $3.8 billion initial public offering of Airbnb, Inc.

On December 9, 2020, Airbnb’s initial public offering, the biggest by a U.S. operating company in 2020, raised $3.8 billion by issuing 56.3 million shares at an offering price of $68.00. Loop Capital Markets served as a co-manager on the offering.

The company intends to use the net proceeds from this offering for general corporate purposes, working capital support, investment in securities and strategic acquisitions.