Airbnb Inc. on Tuesday said it plans to sell 50 million shares in an initial public offering that could give the home-rental company a valuation of as much as $35 billion.
The San Francisco startup said it expects an offering price of between $44 and $50 a share, adding that a pricing at the $47 midpoint of that range would yield net proceeds of about $2.3 billion, or roughly $2.5 billion if the underwriters exercise an option to buy an additional 3.5 million shares.
Airbnb…
