It’s official: Airbnb is going public

Airbnb has filed to go public confidentially, which makes an initial public offering likely within the next few months.

Whispers and reports about an upcoming IPO that have been circulating in the news for the past few weeks have now seemingly been confirmed with the filing.

Airbnb had initially pledged to go public in 2020, but the outbreak of Covid-19 and subsequent lockdowns and travel restrictions initially seemed to put a spanner in the works.

The PropTech venture had to lay off roughly 2,000 employees as a consequence and the company raised $1bn in April at a $26bn valuation to help it tackle the pandemic.

The news about the filing suggests that the company’s financials are good enough to undergo the scrutiny involved with the filing.

“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,” TechCrunch’s Alex Wilhelm writes.

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