initial public offerings (IPOs) trading on American exchanges

Sunday, August 23, 2020

Airbnb (AIRB) confidentially files for IPO

Bloomberg reports that Airbnb (AIRB) has confidentially filed paperwork with the SEC for an initial public offering.

The price range and number of shares will be determined at a later date.

Airbnb was valued at $18B during an April fundraising round, slashed from the prior $31B value due to the pandemic's impact on the travel industry.

Last week, Bloomberg sources said Airbnb's Q2 revenue dropped at least 67% Y/Y. Bookings were down 30% Y/Y in June, a large improvement on May's 70% decline.

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