Home rental unicorn Airbnb files confidential paperwork for IPO

Home rental unicorn Airbnb has decided to move ahead with plans to go public just months after the COVID-19 pandemic upended the travel industry and brought leisure travel to a halt.

For an initial public offering, the company had reportedly submitted confidential paperwork with the US Securities and Exchange Commission. Last year, Airbnb had been privately valued at nearly $31 billion.

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The company has yet to decide the specifics of the public offering, including the number of shares to be offered and share price.