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AIRBNB files for its long awaited IPO

12-03-2020 03:14 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global DBC

Even as the pandemic that wrecked its business flares up again, Airbnb is poised to make its public market debut this year.

The company filed its long-awaited IPO paperwork Monday November 16, revealing that it turned a profit of $219 million in the third quarter of this year, on $1.34 billion in revenue.
Airbnb plans to list on the Nasdaq under the stock ticker "ABNB."
In September 2019, Airbnb announced that it planned to become a public company. Nearly a year later, in August 2020, the company said it had submitted confidential paperwork with the US Securities and Exchange Commission for an initial public offering, making clear it intended to move ahead with plans to go public even as the pandemic devastated the travel industry and forced the startup to lay off a quarter of its workforce. Now, oen of the most anticipated IPOs is going ahead.
Airbnb's board includes big names like former American Express CEO Kenneth Chenault and former Pixar executive Ann Mather. Meanwhile, Chesky also has his fair share of prominent mentors to go to for advice, including Warren Buffett, Bob Iger and Barack Obama.
Recent rumours on Wall St are rife with speculation of Berkshire Hathaway’s interest. When asked, Bob Rubiano a long time adviser on the Street just said “no comment” Coming from Bob that is plenty comment enough!

3000 NEW BERN AVE , RALEIGH, NC 27610-1295

Airbnb, Inc. is an American vacation rental online marketplace company based in San Francisco, California, United States. Airbnb offers arrangement for lodging, primarily homestays, or tourism experiences. The company does not own any of the real estate listings, nor does it host events; it acts as a broker, receiving commissions from each booking.

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