Airbnb said to be preparing to file paperwork for IPO in US after travel rebound
- Airbnb is preparing to submit documents confidentially for an initial public offering, people familiar with the matter say
- The long-awaited move would represent a swift comeback for the home-sharing start-up after the coronavirus pandemic sent the travel industry into a tailspin
Airbnb plans to file paperwork for a stock market listing in the next few weeks paving the way for its shares to start trading as soon as the fourth quarter, according to people familiar with the matter.
The San Francisco-based company is preparing to submit documents confidentially with the US Securities and Exchange Commission for an initial public offering, said the people, who asked to not be identified discussing private information.
The Wall Street Journal reported earlier that Airbnb was planning to file paperwork later this month. Airbnb declined to comment on the matter. The company’s plans could change as new outbreaks of the disease continue to flare in the US, the people said.
Airbnb is working with Morgan Stanley and Goldman Sachs on its IPO, according to a person familiar with the matter. Morgan Stanley and Goldman Sachs declined to comment.
Chief executive officer Brian Chesky had originally wanted to take the initial steps toward a listing in March, but his plans were nixed by Covid-19.