Airbnb files for IPO as short-term rental market rebounds

By Anirban Sen and Joshua Franklin
(Reuters) - Short-term home rental company Airbnb Inc said on Wednesday it filed confidentially for an initial public offering with U.S. regulators, setting the stage for one of 2020's marquee U.S. stock market debuts.
The move underscores a rebound in parts of the travel industry, which was battered this year by restrictions and shutdowns due to the COVID-19 pandemic.
San Francisco-based Airbnb said in July that customers had booked more than 1 million nights in a single day for the first time since March 3, in part as U.S. travelers shy away from hotels and prefer to drive to local vacation rentals.
Shares of U.S. online travel agency Booking Holdings Inc have rebounded around 14% in the past three months but are still down for the year. ...


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