Airbnb files confidentially for IPO with travel rebounding
Airbnb Inc. said it has filed to go public in a long-awaited listing as the company emerges from the effects of the coronavirus pandemic.The company said in a statement that it submitted its filing for an initial public offering confidentially to the U.S. Securities and Exchange Commission.The size and price range for the offering haven’t been set yet, the company said.
Airbnb remains one of the most highly anticipated stock listings of this year. CEO Brian Chesky had originally intended to initiate the listing process with the SEC on March 31.That was before Covid-19 closed borders, grounded flights to a halt and left the company with more than $1 bn in cancellations. With the markets in turmoil, plans were put on hold.