Vacation rental giant Airbnb Inc. is planning to go public as it has quietly submitted a draft registration to the US Securities and Exchange Commission (SEC).
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While the application does not indicate the number of shares nor their price range, Airbnb says it plans to hold an IPO once the SEC completes reviewing the documents for market and other conditions.
The company's financial position will remain unclear until the publication of its Q3 results. It is also unknown whether Airbnb is going to go public or if a direct listing is possible.
Airbnb first announced plans to conduct an IPO in September 2019. The business back then was estimated at $31 billion.
In March, the company announced that it could postpone its IPO until 2021 due to the coronavirus pandemic.
Even though Airbnb raised $1 billion from investors twice in April to help deal with the crisis, it decided to cut staff by 25% in May.
The crypto market is also trying to handle the coronavirus-related crisis with the help of IPO. Ripple's CEO Brad Garlinghouse during a panel at the World Economic Forum in January said that the company could hold an IPO in 12 months.
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