Airbnb Files for IPO Disclosing Pandemic’s Effect on Rentals
- Revenue fall and losses mount but Airbnb sees recovery ahead
- Home-sharing company is said to seek $3 billion IPO this year
Photographer: Andrew Harrer/Bloomberg
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Airbnb Inc., in a long-awaited filing for an initial public offering, outlined widening losses and plunging revenue while projecting optimism for a rebound in demand for home-sharing when the economy eventually recovers from the coronavirus pandemic.
The listing is set to be one of the biggest this year, capping an IPO surge that has largely defied the economic devastation inflicted by the pandemic.