NEW YORK - Airbnb Inc plans to file paperwork for a stock market listing in the next few weeks paving the way for its shares to start trading as soon as the fourth quarter, according to people familiar with the matter.
The Wall Street Journal reported earlier that Airbnb was planning to file paperwork later this month. Airbnb declined to comment on the matter. The company's plans could change as new outbreaks of the disease continue to flare in the US, the people said. Chief executive officer Brian Chesky had originally wanted to take the initial steps toward a listing in March, but his plans were nixed by Covid-19. By April, Mr Chesky was facing US$1 billion in cancellations, he said in an interview with Bloomberg TV in June. Travel bans and lock-downs caused planned bookings to tumble about 90% and Airbnb cut 25 per cent of its workforce in a bid to survive.
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