Business
Airbnb confidentially files for IPO, sets stage for blockbuster listing – Sydney Morning Herald
The move sets the stage for one of the marquee stockmarket debuts of the year.
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.
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 startup said in July guests had booked more than 1 million nights in a single day for t…
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