(Bloomberg) — Airbnb Inc. has chosen to list its shares on the Nasdaq Global Select Market, its biggest initial public offering since Facebook Inc. in 2012.
The home-rental company didn’t disclose any further details of its listing plans in a statement Tuesday.
Nasdaq has a reputation for technology-focused stocks such as software and biotechnology, including high-profile IPOs such as those for Lyft Inc. and Zoom Video Communications Inc. Yet, since the fallout surrounding Facebook’s difficult debut, it has frequently lost the competition for mega IPOs to the New York Stock Exchange, including Uber’s $8.1 billion listing last year and Snowflake Inc.’s $3.86 billion offering.
A representative for Airbnb declined to comment beyond the statement.
Airbnb said in August that it had filed confidentially with the U.S. Securities and Exchange Commission for an IPO. The company will seek to raise as much as $3 billion in an