per share issuance price · Historical table snapshot · Dec 31, 2019
SEC · Airbnb filing ↗Note 12: December 31, 2019 preferred-stock table; Notes 2 and 12: split and conversion
Travel · historical IPO case
Airbnb
Airbnb connects hosts with travelers looking for places to stay and experiences.
01 / YOUR SCENARIO
Choose your starting point.
Choose an IPO milestone or enter your own dated stock price to extend a reviewed pre-IPO scenario.
HYPOTHETICAL SHARE VALUE
AirbnbSeries B
Hypothetical value of $10,000.00 at the reported share price
$205,438.07IPO offer-price mark · IPO completion date: Dec 14, 2020
20.54×Price multiple
+1,954.4%Modeled price change
Illustrative paper value. Historical investment minimums and your eligibility are not verified. Excludes fund fees, carried interest, taxes and distributions; no sale is assumed.
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BEHIND THE NUMBERS
What this scenario means for an investor.
This scenario applies the stated share prices and conversion assumptions to your chosen amount. The result is a hypothetical value, not a completed transaction.
- Your amount vs. the investment minimum
- Your amount sets the size of the illustration. It does not establish the minimum required to join that funding round.
- Access depends on the offering
- Investor eligibility and allocations depend on the offering’s terms. A recorded funding price does not mean everyone could invest at that price.
- Direct shares and fund units differ
- A direct share and a unit in a fund or investment vehicle can have different rights and costs. This scenario does not establish a specific investment route.
- A price is not a cash exit
- Lockups, transfer restrictions and available buyers can affect a holder’s ability to sell. The displayed value does not assume a sale.
See the data, sources & calculation
The 2020 Form 10-K restates per-share amounts for the October 2020 split, describes initial 1:1 preferred-to-Class B conversion and identifies extra conversion shares for Series C. D/E/F models assume no holder-specific adjustment. Class B can convert 1:1 to Class A. Offering-price mark only; no sale assumed.
Calculation: amount ÷ reviewed preferred issuance price × assumed conversion factor × IPO offering price.
public offer price per share · IPO completion date · Dec 14, 2020
SEC · Airbnb filing ↗Stock Split and Initial Public Offering notes
Published price precision is retained in calculations. A filing snapshot is not necessarily the investment date. These selected companies and stages do not represent typical private-market results; investments can lose their entire value.
Understand the assumptions behind each result. How the calculations work →
Detailed share worksheet & downloadable receiptOptional controls for a closer look at the same evidence.
THE EVIDENCE, IN BRIEF
Which early Airbnb investments can this model illustrate?
Five reviewed filing prices—Series B, B-1, D, E and F—support approximate share-equivalent models. The filing already restates the split, so it must not be applied again. Series C’s additional conversion adjustment and the precision of earlier series are not modeled. The offering-price result is a mark, not sale proceeds.
| Observation | Published value · USD | Date and meaning | Original evidence |
|---|---|---|---|
| Series B issuance price | 3.31 per share issuance price | 2019-12-31 historical table snapshot | SEC · Airbnb filing ↗ Checked 2026-09-17 |
| Series B-1 issuance price | 1.11 per share issuance price | 2019-12-31 historical table snapshot | SEC · Airbnb filing ↗ Checked 2026-09-17 |
| Series D issuance price | 20.36 per share issuance price | 2019-12-31 historical table snapshot | SEC · Airbnb filing ↗ Checked 2026-09-17 |
| Series E issuance price | 46.55 per share issuance price | 2019-12-31 historical table snapshot | SEC · Airbnb filing ↗ Checked 2026-09-17 |
| Series F preferred | 52.5 per share issuance price | 2019-12-31 historical table snapshot | SEC · Airbnb filing ↗ Checked 2026-09-16 |
| IPO completed | 68 public offer price per share | 2020-12-14 offering completion | SEC · Airbnb filing ↗ Checked 2026-09-16 |
WHEN YOU WANT TO GO DEEPER
The story behind Airbnb
What this shows
The early business story and the preferred-share table use different dates: a filing snapshot is not an investment date.
The endpoint matters
$68.00 per share at the historical IPO offering. An offer-price mark is not an executed sale. You can also enter a public price within the reviewed date window.
Read it realistically
Your amount is hypothetical. The evidence does not establish your investment minimum, eligibility or ability to sell.
Company at a glance & business milestonesFrom a spare room to a global marketplace.
Airbnb connects hosts with travelers looking for places to stay and experiences.
- Origins
- First guests hosted in 2007
- Industry
- Travel · historical IPO case
- Founders
- Brian Chesky, Joe Gebbia and Nathan Blecharczyk
- Calculation coverage
- 2019 snapshot–2021 public closes
The company traces its beginnings to Brian Chesky and Joe Gebbia hosting guests in their San Francisco home. Its early booking numbers were modest. Product changes and international expansion came before the public listing.
Company history ↗ · About us; founders; company timeline, 2007–2020.
Historical context reviewed Sep 19, 2026. Business milestones are separate from the financial observations used by the calculator.
Compare the supported funding stagesA fixed $10,000 illustration makes the entry points easier to compare.
Selected reviewed stages, not a complete fundraising history. The same hypothetical amount is used in every row. Private investments can lose all their value.
| Preferred series | Private issuance price | Illustrated amount | Explore |
|---|---|---|---|
| Series B | $3.31 | $205,438.07 | Try this stage → |
| Series B-1 | $1.11 | $612,612.61 | Try this stage → |
| Series D | $20.36 | $33,398.82 | Try this stage → |
| Series E | $46.55 | $14,607.95 | Try this stage → |
| Series F | $52.50 | $12,952.38 | Try this stage → |
Each row applies that series’ reviewed split and conversion treatment. No sale, fees or taxes are assumed.
What investors faced & what remains unknownAccess, share terms, risks and the limits of this research.
Context to keep in mind
Airbnb’s own timeline records pandemic-era changes, including online experiences. The road to its IPO was not a smooth, uninterrupted expansion.
CTM interpretation of the linked history and financing evidence; not a complete risk assessment.
What the evidence supports
Five filing prices support approximate share-equivalent models. The split is already reflected. B, B-1, D, E and F use reviewed 1:1 mappings. Series C is excluded for its additional conversion adjustment; Seed and A are held back because their coarsely rounded low prices need further precision review.
- Investment minimum
- Not verified for these historical entries
- Actual access and allocation
- Not established
- Realized sale proceeds
- Not calculated
- Full funding history
- Not yet compiled; this is selected coverage
What additional research would unlock
Additional rounds need their own issuance evidence, share-basis review and conversion terms before they can become calculator choices.
How to read this company’s calculationAirbnb before the IPO: five entry prices, one offer-price endpoint
Airbnb’s filing records several preferred-share issuance prices. Our reviewed models cover Series B, B-1, D, E and F, and compare their share equivalents with the $68 IPO offering price. Start with a later series, then compare an earlier one using the same hypothetical amount.
The prices used here are already restated for the stock split. The December 2019 table date is a financial-statement snapshot, not proof of when an investor bought shares. That distinction is why these observations cannot establish your holding period or an annualized return.
We leave Series C out because it has an additional conversion adjustment. Seed and Series A also remain outside the calculator pending further price-precision review. A large headline multiple is only useful when the share units and entry evidence support it.
Supporting observations: Series B issuance price ↓Series D issuance price ↓Series F preferred ↓IPO completed ↓
Common questions
Is the IPO offering price the cash an investor received?
No. It is a historical valuation endpoint. Lockups, holder-specific restrictions, fees, taxes and the price on an actual sale date can change realized proceeds.
Why can’t I select every early Airbnb round?
The calculator only enables reviewed paths. Series C has an additional conversion adjustment, while the coarsely rounded Seed and Series A prices need more precision review.
Can I follow Airbnb beyond the IPO?
Yes. The linked IPO journey uses selected sourced historical public closing prices. Those endpoints are dated observations, not a live quote or proof that a holder could sell then.
Research update · Sep 19, 2026
Added an optional entered public share price, with reviewed conversions, splits and a company-specific date window.
Review dates describe our research. They do not turn historical prices into current quotes.Keep exploring
Financial observations & original sources6 sourced observations · expand to inspect each record
Milestones & evidence
6 sourced observationsHistorical table snapshot
Series B issuance price
B · Reported financing$3.31 USD
Split-restated USD per preferred share
Rounded filing price; the December 2019 table date is not the purchase date. Preferred and listed shares differ in rights.
Primary source checked
SEC · Airbnb filing · 2020 Form 10-K (opens in a new tab)Evidence details
- Publisher
- SEC · Airbnb filing
- Source location
- Note 12: December 31, 2019 preferred-stock table; Notes 2 and 12: split and conversion
- Share class
- Series B preferred
- Checked on
- Sep 17, 2026
- Observation ID
- ABNB-B
Historical table snapshot
Series B-1 issuance price
B · Reported financing$1.11 USD
Split-restated USD per preferred share
Rounded filing price; the December 2019 table date is not the purchase date. Preferred and listed shares differ in rights.
Primary source checked
SEC · Airbnb filing · 2020 Form 10-K (opens in a new tab)Evidence details
- Publisher
- SEC · Airbnb filing
- Source location
- Note 12: December 31, 2019 preferred-stock table; Notes 2 and 12: split and conversion
- Share class
- Series B-1 preferred
- Checked on
- Sep 17, 2026
- Observation ID
- ABNB-B1
Historical table snapshot
Series D issuance price
B · Reported financing$20.36 USD
Split-restated USD per preferred share
Rounded filing price. The table date is not the purchase date; no holding period is inferred.
Primary source checked
SEC · Airbnb filing · 2020 Form 10-K (opens in a new tab)Evidence details
- Publisher
- SEC · Airbnb filing
- Source location
- Note 12: December 31, 2019 preferred-stock table; Notes 2 and 12: split and conversion
- Share class
- Series D preferred
- Checked on
- Sep 17, 2026
- Observation ID
- ABNB-D
Historical table snapshot
Series E issuance price
B · Reported financing$46.55 USD
Split-restated USD per preferred share
Rounded filing price. The table date is not the purchase date; no holding period is inferred.
Primary source checked
SEC · Airbnb filing · 2020 Form 10-K (opens in a new tab)Evidence details
- Publisher
- SEC · Airbnb filing
- Source location
- Note 12: December 31, 2019 preferred-stock table; Notes 2 and 12: split and conversion
- Share class
- Series E preferred
- Checked on
- Sep 17, 2026
- Observation ID
- ABNB-E
Historical table snapshot
Series F preferred
B · Reported financing$52.50 USD
Historical issuance price per share
Rounded filing price. The table date is not the purchase date; no holding period is inferred.
Primary source checked
SEC · Airbnb filing · 2020 Form 10-K (opens in a new tab)Evidence details
- Publisher
- SEC · Airbnb filing
- Source location
- Note 12, table as of December 31 2019
- Share class
- Series F preferred
- Checked on
- Sep 16, 2026
- Observation ID
- ABNB-F
IPO completion date
IPO completed
A · Documented transaction$68.00 USD
Public offering price per share
Class A offer price on completion of the IPO. It is not a market closing price or assumed sale proceeds.
Primary source checked
SEC · Airbnb filing · 2020 Form 10-K (opens in a new tab)Evidence details
- Publisher
- SEC · Airbnb filing
- Source location
- Stock Split and Initial Public Offering notes
- Share class
- Class A common
- Checked on
- Sep 16, 2026
- Observation ID
- ABNB-OFFER
What’s missing matters.
There are no daily private-market prices between these observations. We do not fill the gaps with an invented curve. Investment returns require the specific security, entry terms, dilution and an actual exit or appropriate mark.
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