Airbnb Files Confidentially for IPO With SEC
August 19 2020 - 5:29PM
Dow Jones News
By Preetika Rana
Airbnb Inc. said Wednesday it confidentially filed paperwork
with the Securities and Exchange Commission for an initial public
offering, marking a surprising turnaround for a company whose
business was initially ravaged by the coronavirus pandemic.
The Wall Street Journal reported last week that the company was
close to such a filing.
The San Francisco-based company said the number of shares and
the price range for the proposed offering haven't been
determined.
Airbnb said late last year that it planned to go public, but its
plans were thrown into disarray as the health crisis shut down
global travel.
The long-awaited move will bring one of the stalwarts of the
sharing economy into the public domain, alongside ride-sharing
platforms Uber Technologies Inc. and Lyft Inc., and sets up the
next few months to be an especially busy time for big IPOs.
(END) Dow Jones Newswires
August 19, 2020 17:14 ET (21:14 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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