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Airbnb files for IPO as short-term rental market rebounds | Malay Mail

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NEW YORK, Aug 20 — Short-term home rental company Airbnb Inc said yesterday it filed confidentially for an initial public offering with US regulators, setting the stage for one of 2020’s marquee US stock market debuts. The move underscores a rebound in parts of the travel industry, which was...

is targeting a listing before the end of the year, according to a person familiar with the matter, cautioning this is dependant on market conditions. — Reuters pic

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 US travellers 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 US$2 billion in debt from investors, which valued it at US$18 billion, well below the US$26 billion Airbnb cited as an internal valuation in early March.

 

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