Airbnb Reported That it Has Applied For IPO

Airbnb Reported That it Has Applied For IPO

Airbnb, which has gradually recovered from the negative effects of the coronavirus epidemic, reported that it has applied for a public offering. US-based accommodation company Airbnb Inc. has begun to overcome the negative effects of the coronavirus epidemic. The company reported that it has completed the long-awaited public offering application. Airbnb, headquartered in San Francisco, said on Wednesday that the company has filed an initial public offering (IPO) application to the US Securities and Exchange Commission (SEC). According to this statement, the size and price range of the public offering have not been decided yet. Airbnb was among the companies most expected to go public in 2020. The company's CEO, Brian Chesky, originally aimed to file the SEC on March 31st. After this decision, flights were stopped and borders were closed due to the outbreak. Due to the cancellation of reservations on Airbnb, the company suffered a loss of $ 1 billion. The plans were suspended for a while after the turmoil in the market.