Airbnb Files For IPO, Submitted Confidential Paperwork
Calif, 20th Aug 2020: US-based online rental marketplace platform Airbnb announced that it had submitted confidential paperwork with the US Securities and Exchange Commission for an initial public offering.
The number of shares to be offered and the price range for the proposed offering have not yet been determined. The IPO of Airbnb is expected to take place after the SEC completes its review process, subject to market and other conditions.
In the recent news reports, Airbnb said they want to go public by the end of the year, in spite of its 40 percent decrease in valuation from $30 billion in 2017, but only at $18 billion this year.
Last Month during the layoff, Airbnb Co-Founder and CEO Brian Chesky said, “Out of our 7,500 Airbnb employees, nearly 1,900 teammates will have to l...