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Airbnb targets roughly $3 billion raise in IPO

Written by Lauren | Oct 5, 2020 6:11:50 PM

Oct 2 (Reuters) - Home rental company Airbnb Inc is aiming to raise around $3 billion in its upcoming initial public offering (IPO), people familiar with the matter said on Friday, taking advantage of the unexpectedly sharp recovery in its business after the COVID-19 pandemic roiled the travel industry.