September 24, 2020

Everything you need to know about Airbnb’s 2020 IPO plans

It’s been a rollercoaster year for Airbnb and its much-anticipated plans for an initial public offering or IPO. The home-sharing platform had planned to file back in March to go public but then coronavirus hit and its revenue nose-dived. Now, it looks like plans are back on track. Airbnb confidentially filed its IPO paperwork with the securities and exchange commission in mid-August. None of the financial specifics were revealed but the company was valued at US$18 billion in its last funding round in April, which is a long way down from its previous 2017 valuation of US$31 billion. Of course,…

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Source:: The Next Web – Technology


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