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Here’s Why Airbnb Is Going Public in the Middle of the Pandemic
Perhaps the most closely watched upcoming IPO listing will be Airbnb Inc. Just a few months ago, the company’s bookings had fallen by 90% and it looked to be on the verge of getting wiped out by Covid-19. Now, it's filed for what’s likely to be one of the biggest market debuts of the year.
Airbnb, a ‘Sharing Economy’ Pioneer, Files to Go Public
A public offering by the company, which lets people rent out their spare rooms or homes to travelers, would cap a volatile year in which its business was devastated by the spread of the coronavirus. Airbnb had been privately valued at $31 billion before this year, and the company must now convince investors that it can thrive and turn a profit in a new era of limited travel.