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Airbnb Tells Shareholder Group Board Approves Share Split

  • The value of company’s privately held shares climbs 10.4%
  • Airbnb seeks to raise as much as $3 billion in IPO this year
Bloomberg business news
Airbnb Board Approves Share Split Ahead of IPO
Updated on

Airbnb Inc. is splitting its privately held shares ahead of a planned initial public offering, according to an email reviewed by Bloomberg News.

The company said in an email to some of its shareholders that the board of directors has approved a 2-for-1 split of the shares. The split will be reflected in their accounts on Tuesday, according to the email.