Airbnb reportedly readies for confidential IPO filing this month
By: Nicolas V.
Home rental company Airbnb is reportedly planning to file confidentially for an IPO later this month.
The filing would see Airbnb trading on public markets before the end of the year, according to the Wall Street Journal.
It arrives as its core home rental business has been pummeled by the coronavirus pandemic, with travelers canceling plans and homeowners left in the lurch.
Airbnb announced its intention to go public back in 2019, and was previously one of the most hotly anticipated listings.
A spokesperson for Airbnb did not immediately respond for comment.
Earlier this year, Airbnb raised $1 billion in funding from private equity firms Silver Lake and Sixth Street Partners.
