Airbnb Plans Public Share Sale Despite Pandemic

  • November 17, 2020 11:38 AM AEDT
  • Team Kalkine
    Team Kalkine
    Team Kalkine
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Online sheltering platform Airbnb has filed a prospectus in the US to now become a publicly listed company. This is touted as one of the biggest launches of the year.

The San Francisco headquartered company was launched in the year 2008 and since then, it has been dear to the global public. The website actually challenged the then existing traditional hotel and motel rivals and helped cities cope up with the influx of tourists.

Though, the pandemic hurt the firm’s business, Airbnb is maintaining that its model is still buoyant.

Meanwhile, the company anticipates generating around US$3 billion via shares selling in the listing. This can take up the value of the firm at over US$30 billion.

It should be noted that in 2019, the firm booked losses over worth US$674 million but it managed to overcome it and surpassed the same in the first nine months of the year 2020.

 


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