Late in 2019, the popular home-sharing rental business, Airbnb announced its plans to become a public company. As expected, the company plans to file paperwork for an IPO with the US Securities and Exchange Commission in the next few weeks.
Working with Morgan Stanley and Goldman Sachs
According to the Wall Street Journal, Airbnb is preparing to go public within this year and working with Morgan Stanley and Goldman Sachs Group Inc. on the same. The company lost millions as coronavirus has thrown the tourism industry into chaos. Notably, Airbnb set aside $250 million in refunds to hosts whose guests canceled their stays.