An anonymous reader quotes a report from TechCrunch: In a turn of fortune, Airbnb today announced that it has filed to go public, albeit confidentially. The move puts the home-sharing service on a path to a public offering sooner rather than later, and comes after reports that the company was prepping an IPO filing this month. Those same reports indicated that Airbnb could go public as soon as the end of the year. A Q3 or Q4 Airbnb offering is therefore a distinct possibility. The company promised in 2019 that it would go public in 2020, but that pledge seemed far-off in the middle of the year. Since then, Airbnb has made noise about different parts of its business coming back to life, although changed by new travel and work and vacation patterns from its users. If Airbnb has filed, we can presume that present results are good enough to get it life, else the firm would have not filed and would have simply gone public later. The question now becomes if its Q2 numbers were good enough to get it out the door, or if the company intends to update its S-1 filing with Q3 numbers, push the filing live and go public with more recovery time in its results.
Read more of this story at Slashdot.
Source:
https://tech.slashdot.org/story/20/08/20/0440233/airbnb-files-to-go-public?utm_source=rss1.0mainlinkanon&utm_medium=feed