Stock News

Airbnb Shares Could Trade by the End of Year

The home-sharing platform could go public as early as this month

Christopher Hoskin
Taking Stock
Published in
2 min readAug 11, 2020

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According to CNBC, “Airbnb is planning to submit a confidential filing with the SEC this month to go public.” The company initially planned to go public earlier this year but had to put its plans on hold in response to a downturn in business due to the Covid-19 pandemic. The silicon valley unicorn was one of the many travel and hospitality businesses that were drastically impacted by the global shutdown earlier this year. In May, it announced plans to lay off nearly 1,900 employees or roughly 25% of the company. The company also halted projects “related to hotels, a transportation division, and luxury stays.” CEO Brian Chesky commented,

“We are collectively living through the most harrowing crisis of our lifetime, and as it began to unfold, global travel came to a standstill … Airbnb’s business has been hit hard, with revenue this year forecasted to be less than half of what we earned in 2019.”

The Wall Street Journal was the first outlet to provide details on the upcoming filing. They report that…

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Christopher Hoskin
Taking Stock

Writer | Speaker | Christ-Follower | Theologian | Investor | Tech Addict | Bibliophile. (B.A. Religion VCU/MDiv Regent University). www.comfortandhope.org