Airbnb plans public share sale despite pandemic

Publishedduration6 hours agoimage copyrightReuters

Lodging website Airbnb has filed papers in the US to become a publicly listed company in what is one of the most-anticipated launches of the year.

Since its founding as home-sharing site in 2008, the San Francisco tech firm has grown into a global juggernaut.

Its rise has challenged traditional hotel rivals and cities coping with an influx of tourists to new areas.

And while the pandemic hurt the firm's already loss-making business, Airbnb said its model remains resilient.

The company reportedly hopes to raise about $3bn (£2.27bn) by selling shares in the listing, which could value the firm at more than $30bn.

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