Airbnb gets set to list on the stock exchange – Wall Street Journal

Despite Covid-19 obliterating tourism around the world, Airbnb – the US-headquartered home-sharing and vacationing company – has filed for an initial public offering. This comes as a big surprise to many, as the company had its fair share of struggles throughout the Covid-19 pandemic. Locally, tourism was put on hold. In an attempt to curb the spread of the virus, a strict lockdown prohibited any non-essential travelling – including leisure travel. As a result, local Airbnbs have suffered, going months without income. While hotels and other tourism-related industries could open earlier, various house-sharing companies (such as Airbnb) were not allowed to operate until recently. Now, as the country is in level 2, Airbnb is allowed to operate, much to the relief of many hosts across the country. – Jarryd Neves

Airbnb files confidentially for IPO with SEC

By Preetika Rana

(Wall Street Journal) – 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.

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