- Short-term home rental company Airbnb Inc said on Wednesday it filed confidentially for an initial public offering with U.S. regulators, setting the stage for one of 2020’s marquee U.S. stock market debuts.
San Francisco-based Airbnb said in July that customers had booked more than 1 million nights in a single day for the first time since March 3, in part as U.S. travelers shy away from hotels and prefer to drive to local vacation rentals. The number of shares Airbnb will sell and the valuation it will seek have not yet been determined, Airbnb said in a statement.
The company in April also raised $2 billion in debt from investors, which valued it at $18 billion, well below the $26 billion Airbnb cited as an internal valuation in early March.
The last ad you wanted me to watch before I could see your news was selling gambling. This time it's alcohol. What's next drugs or prostitutes? You must be so proud of your brand.
interesting time to file for IPO. virtual renting?
Not a chance I'm putting a dime in this stock, no matter where it goes from the IPO. I went out to stay at Airbnb properties to rate the experience...never again.
Wow, I want in on that one.
cindy_ramokoto one to invest in
Good job..
Because ppl are getting evicted and need quick places for them to stay. Along w the huge influx of uhaul being rented. You’ll see a trend
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Source: BusinessInsider - 🏆 729. / 51 Read more »