Airbnbs IPO is one of the most anticipated companies this year. San Francisco based airbnb rebounded faster than expected at a time when the epidemic is affecting global tourism, as people seek to rent in remote areas to avoid the spread of the epidemic during home office hours.
In August this year, airbnb secretly submitted its preliminary application documents to the US Securities and Exchange Commission, taking the first step of listing. According to people familiar with the matter, the company plans to make its IPO filings public after the U.S. presidential election in November and an IPO in December. The timing is likely to change, depending on market conditions, people familiar with the matter said. Airbnb declined to comment.
The rebound in airbnbs performance may also help raise valuations. According to reports, airbnb may be valued at more than $30 billion when it goes public. In April, airbnb borrowed $2 billion in debt from investors, when it was valued at $18 billion. (Chen Chen)
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