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Reuters

Short-term home rental company Airbnb on Wednesday confidentially filed for an initial public offering with the US Securities and Exchange Commission, setting the stage for one of the marquee stock market debuts of the year.
The number of shares to be offered and the price range for the IPO have not yet been determined, the company said.
“The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions,” Airbnb added.
Reuters reported in October Airbnb was close to hiring Morgan Stanley and Goldman Sachs as joint lead advisers on its IPO, after the company announced plans to go public in 2020.
The company’s plans to go public come at a time when its core home-rental business has been hit hard by the Covid-19 pandemic, which has forced millions of people to postpone their travel plans.
Airbnb said to be preparing for IPO in US after travel rebound
The collapse of its core home-rental business prompted Airbnb to suspend marketing activities for the year and cut about 25 per cent of its workforce.
However, in a sign of an early recovery, the San Francisco-based start-up said in July guests had booked more than 1 million nights in a single day for the first time since March 3.
Airbnb’s decision to go public also comes at a time when US capital markets are in the middle of a stunning recovery, with 2020 already being one of the best years for public market debuts in decades.
In April, the company raised US$2 billion in two rounds of debt from investors.
One of the funding rounds included warrants that can be exercised at an US$18 billion valuation, well below the US$26 billion Airbnb cited as an internal valuation in early March.


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Airbnb confidentially files for IPO, sets stage for blockbuster listing in sign of recovery from Covid-19

Short-term home rental company Airbnb on Wednesday confidentially filed for an initial public offering with the US Securities and Exchange Commission. Photo: Reuters

Last Blockbuster video rental store has Airbnb sleepover offer – US$4 for a ’90s themed night of movies

The last Blockbuster store has been listed on Airbnb. Dig out your denim – its makeshift living room is perfectly suited for a nostalgic night in watching a ’90s films. Photo: Airbnb

The makeshift living room is perfectly situated for a nostalgiac Blockbuster night.CREDIT : BLOCKBUSTER

Customers queue up to pay at one of Blockbuster video shops in Hong Kong, 30 January 2004.  Blockbuster video announced 29 January they were withdrawing from Hong Kong, closing their 24 stores and sacking 200 staff. A company spokesman said operating costs and expensive shop rent were to blame, but customers blamed video pirates.    AFP PHOTO/TED ALJIBE (Photo by TED ALJIBE / AFP)

This photo taken on July 26, 2020 shows the interior of the last remaining Blockbuster store, in Bend, Oregon. - Is 2020 proving a bit too much? The last Blockbuster store on the planet is offering guests a chance to roll back the clock to simpler times with a '90s themed sleepover, it was announced on August 11, 2020. An Airbnb listing for the holdout video rental shop in the northwestern US state of Oregon promises to convert the store into a makeshift living room "with a pull-out couch, bean bags and pillows for you to cozy up with 'new releases' from the '90s." (Photo by Andrew MARSZAL / AFP)

File - In this July 13, 2018 file photo, Scott Thornton takes a selfie in front of the Bend, Ore., Blockbuster. The Blockbuster store in Bend, Oregon became the last one in the US last year. And now it's the only one in the world. The Bulletin reports that a Blockbuster store in Perth, Australia is closing later this month, leaving the Bend franchise alone on the planet. (Ryan Brennecke /The Bulletin via AP, File)

Airbnb takes its holiday add-ons, Experiences, online, offering virtual coaching, cooking demos and adventures

Airbnb’s new Online Experiences offers virtual online adventures from the comfort of your own home.

AirBNB Meditative Yoga and slow life coaching.Photo: AIRBNB website Screecapture[FEATURES 2020]

Air BNB Sangria and Secrets with Drag Queens.Photo: AIRBNB website Screecapture[FEATURES 2020]

Airbnb raises another US$1 billion as coronavirus pandemic dims IPO prospects

The app of online lodging service Airbnb is displayed on a smartphone. Photo: Agence France-Presse

San Francisco-based Airbnb had been planning its initial public offering some time this year, but the outbreak of Covid-19 has sent markets into a tailspin and made an IPO less likely. Photo: Reuters

Coronavirus: how to get a refund from Airbnb, and why guests are confused by the company’s policies

Trying to cancel your Airbnb booking? You’re not the only one – but the home rental firm’s cancellation policies in regards to the coronavirus have been accused of being confusing. Photo: Reuters

Post by Twitter user @Comfort_Cushion hashtag #airbnbrefundnow airing their displeasure at not receiving Air BnB refunds due to Covid-19.[09APRIL2020 FEATURES]CREDIT: TWITTER / @ThaliaBruno19

FILE PHOTO: A clock showing the time at noon, is pictured on a building, next to almost empty streets at Old Town Square during the coronavirus disease (COVID-19) outbreak, in Prague, Czech Republic, March 31, 2020. REUTERS/David W Cerny/File Photo

NEW YORK, NY - SEPTEMBER 26:  Airbnb CEO, Brian Chesky attends Airbnb presents: True York on September 26, 2017 in New York City.  (Photo by John Lamparski/WireImage)CREDIT: Getty Images

Post by Twitter user Monica Stout @MI_turnaround hashtag #airbnbrefundnow airing their displeasure at not receiving Air BnB refunds due to Covid-19.[09APRIL2020 FEATURES]CREDIT: TWITTER / @ThaliaBruno19

Passengers arrive at an empty forecourt outside Terminal 3 at Heathrow Airport. The airport is running only one operational runway as the UK continues in lockdown to help curb the spread of the coronavirus. (Photo by Steve Parsons/PA Images via Getty Images)CREDIT: Getty Images

Will coronavirus pandemic end the Airbnb economy and overtourism, allowing rental economies in tourist hotspots to recover?

The Eiffel Tower in Paris and other tourist hotspots have been deserted since the coronavirus lockdown. Photo: Shutterstock

Banners reading "No tourist flats" hang from a balcony to protest against holiday rental apartments for tourists in Barcelona's neighborhood of Barceloneta on November 24, 2016. - Barcelona city hall said today it would fine home rental websites Airbnb and rival HomeAway 600,000 euros ($635,000) each for marketing lodgings that lacked permits to host tourists. (Photo by PAU BARRENA / AFP)

A view of a cancelled flights on a display after several airlines suspended their flight operations, at Suvarnabhumi Airport, Samut Prakan province, Thailand, 04 April 2020. (Photo by Anusak Laowilas/NurPhoto via Getty Images)

Venice’s normally busy streets and canals have been empty during the coronavirus lockdown. It remains to be seen how tourism recovers from the crisis, and whether short-term holiday rental properties such as those advertised by Airbnb will still be as popular. Photo: Shutterstock

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Short-term home rental company Airbnb on Wednesday confidentially filed for an initial public offering
The number of shares to be offered and the price range for the IPO have not yet been determined


Short-term home rental company Airbnb’s plans to go public come at a time when its core home-rental business has been hit hard by the Covid-19 pandemic, which has forced millions of people to postpone their travel plans.


Airbnb confidentially files for IPO, sets stage for blockbuster listing in sign of recovery from Covid-19

Short-term home rental company Airbnb on Wednesday confidentially filed for an initial public offering The number of shares to be offered and the price range for the IPO have not yet been determined

Short-term home rental company Airbnb on Wednesday confidentially filed for an initial public offering

The number of shares to be offered and the price range for the IPO have not yet been determined