Airbnb Inc. said Wednesday it confidentially filed paperwork with the Securities and Exchange Commission for an initial public offering, marking a surprising turnaround for a company whose business was initially ravaged by the coronavirus pandemic.
The Wall Street Journal reported last week that the company was close to such a filing.
The San Francisco-based company said the number of shares and the price range for the proposed offering haven’t been determined.
Airbnb said late last year that it planned to go public, but its plans were thrown into disarray as the health crisis shut down global travel.
The long-awaited move will bring one of the stalwarts of the sharing economy into the public domain, alongside ride-sharing platforms Uber Technologies Inc. UBER -2.19% and Lyft Inc., LYFT 0.72% and sets up the next few months to be an especially busy time for big IPOs.
Write to Preetika Rana at [email protected]
Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8