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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 -10.27% and music label Warner Music Group Inc. /zigman2/quotes/218669580/composite WMG +1.26% 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 +1.20% will lead the offering, and Goldman Sachs /zigman2/quotes/209237603/composite GS +1.63% will also be involved, the Journal said.

/zigman2/quotes/219257798/composite
US : U.S.: NYSE
$ 158.50
-18.14 -10.27%
Volume: 15.22M
Jan. 14, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$9.00 billion
Rev. per Employee
$241,219
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/zigman2/quotes/218669580/composite
US : U.S.: Nasdaq
$ 36.19
+0.45 +1.26%
Volume: 462,728
Jan. 14, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
1.33%
Market Cap
$18.23 billion
Rev. per Employee
$811,455
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/zigman2/quotes/209104354/composite
US : U.S.: NYSE
$ 76.47
+0.91 +1.20%
Volume: 9.85M
Jan. 14, 2021 4:00p
P/E Ratio
12.90
Dividend Yield
1.83%
Market Cap
$138.35 billion
Rev. per Employee
$1.05M
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/zigman2/quotes/209237603/composite
US : U.S.: NYSE
$ 307.87
+4.93 +1.63%
Volume: 3.19M
Jan. 14, 2021 4:00p
P/E Ratio
17.75
Dividend Yield
1.62%
Market Cap
$105.93 billion
Rev. per Employee
$1.42M
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