(Bloomberg) — 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 two-for-one split of the shares. The split will be reflected in their accounts on Tuesday, according to the email.After the split, the company’s shares are valued at $34.88 apiece, according to the email.A representative for San Francisco-based Airbnb declined to comment.Airbnb is planning to go public later this year. A two-for-one stock split reduces the price of …read more
Source:: Yahoo Finance
