Airbnb Quietly Moves Toward IPO

Airbnb Moves Toward IPO
Airbnb Moves Toward IPO

Airbnb announced on Wednesday Aug. 19 that they have confidentially submitted documents to begin its Initial Public Offering (IPO). This move will allow investors to buy shares of stock in the company for the first time since the company's founding in 2008. Airbnb has remained quiet following the announcement, witholding details on both the number of shares it plans to sell, and how much each share will cost.

According to a press release on the company's Newsroom site, Airbnb "confidentially submitted a draft Registration Statement on Form S-1 to the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common stock." Airbnb announced in 2019 that the company intended to go public in 2020, after some believed it would go public before t...

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