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Aug. 11, 2020, 1:21 p.m. EDT

Airbnb to file for IPO this month: report

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By Levi Sumagaysay

Airbnb plans to file IPO paperwork later this month and could begin trading by the end of the year, the Wall Street Journal reported Tuesday , citing people described as familiar with the matter. The short-term home rental service, which had been hard hit by the coronavirus pandemic and the abrupt halt of travel, has seen a rebound in rental bookings as people take getaways closer to home, if at all. If the 12-year-old company does go public, it would enter a welcoming IPO market that has seen big offerings from the likes of insurance startup Lemonade Inc. /zigman2/quotes/219257798/composite LMND -4.29% and music label Warner Music Group Inc. /zigman2/quotes/218669580/composite WMG +0.79% amid the COVID-19 pandemic. The Journal -- which stressed that Airbnb's timeline for a public offering could change -- noted that the San Francisco-based company was recently valued at $18 billion, down from as high as $31 billion some three years ago. Morgan Stanley /zigman2/quotes/209104354/composite MS -1.89% will lead the offering, and Goldman Sachs /zigman2/quotes/209237603/composite GS -1.22% will also be involved, the Journal said.

/zigman2/quotes/219257798/composite
US : U.S.: NYSE
$ 49.05
-2.20 -4.29%
Volume: 437,109
Sept. 29, 2020 1:18p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.90 billion
Rev. per Employee
N/A
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/zigman2/quotes/218669580/composite
US : U.S.: Nasdaq
$ 28.23
+0.22 +0.79%
Volume: 406,670
Sept. 29, 2020 1:17p
P/E Ratio
N/A
Dividend Yield
1.70%
Market Cap
$14.29 billion
Rev. per Employee
N/A
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/zigman2/quotes/209104354/composite
US : U.S.: NYSE
$ 47.47
-0.91 -1.89%
Volume: 4.75M
Sept. 29, 2020 1:19p
P/E Ratio
8.59
Dividend Yield
2.95%
Market Cap
$76.28 billion
Rev. per Employee
$831,709
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/zigman2/quotes/209237603/composite
US : U.S.: NYSE
$ 196.65
-2.42 -1.22%
Volume: 1.15M
Sept. 29, 2020 1:19p
P/E Ratio
14.97
Dividend Yield
2.54%
Market Cap
$68.50 billion
Rev. per Employee
$1.34M
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