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Airbnb filed IPO

admin by admin
August 20, 2020
in IT news
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Airbnb filed IPO
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Airbnb has applied Reserva Dragun | 20.08.2020

In 2017 the company was valued at $31 billion, in March 2020 at $26 billion, and in April at $18 billion.

Because of the epidemic COVID-19 the company has experienced a difficult time — stopped marketing activity, reduced a quarter staff and has received $2 billion from investors in order to cope with the problems.

The solution to Airbnb about entering the public market was taken when the us market went into a stage of recovery.

Shares of U.S. hotel booking service Booking Holdings Inc over the past three months rose by about 14%.

In July Airbnb announced that for the first time since March 3, customers have booked over 1 million nights in one day. Perhaps this is due to the fact that U.S. travelers avoid hotels and
travel by cars.

Airbnb did not mention the timing of the IPO. This will happen before the end of the year and the date depends on the market conditions.

The number of shares to be sold and their price has not been determined.

IPO, mobile services

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