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Airbnb files confidential paperwork to go public

Photo: Yuriko Nakao/Getty Images

Airbnb said Wednesday that it confidentially submitted paperwork to the Securities and Exchange Commission to go public.

Why it matters per Axios' Dan Primack: Airbnb had been widely expected to go public earlier in the year, but paused when the pandemic incapacitated global hospitality. What's still unknown is how much the company has rebounded since this spring and whether investors will effectively give the company a mulligan for 2020.

What to watch: Airbnb said it filed "initial public offering" paperwork. The company previously discussed the possibility of a direct listing, either instead of an IPO or in concert with one.

  • "The number of shares to be offered and the price range for the proposed offering have not yet been determined," the company said in its Wednesday statement.

Go deeper: Airbnb revives internal IPO conversations

Go deeper

Kia Kokalitcheva
Nov 18, 2020 - Economy & Business

Affirm files for IPO

Illustration: Annelise Capossela/Axios

Affirm, a fintech company that lets online retailers provide pay-later options for customers, has filed to go public.

Why it matters: The company, founded by PayPal co-founder Max Levchin, is the latest Silicon Valley "unicorn" to file for an IPO as the year draws to a close. A number of tech companies are rushing to go public before the end of the year, including Airbnb and DoorDash, with Roblox and others also rumored to be in the pipeline.

Go deeper (1 min. read)Arrow
Axios
20 mins ago - Economy & Business

United CEO is confident people will feel safe traveling again by 2022

Axios' Joann Muller and United CEO Scott Kirby. Photo: Axios

United Airlines CEO Scott Kirby believes that people will feel safe traveling again by this time next year, depending on the pace of vaccinations and the government's ongoing response to the pandemic, he said at an Axios virtual event.

Why it matters: Misery for global aviation is likely to continue and hold back a broader economic recovery if nothing changes, especially with new restrictions on international border crossings. U.S. airlines carried about 60% fewer passengers in 2020 compared with 2019.

Go deeper (<1 min. read)Arrow
Zach Dorfman of the Aspen Institute, author of Codebook
39 mins ago - Technology

The risks and rewards of charging state-backed hackers

Illustration: Sarah Grillo/Axios

Last week’s stunning indictment of three North Korean hackers laid bare both the advantages and drawbacks of the U.S. government’s evolving strategy of using high-profile prosecutions to publicize hostile nation-state cyber activities.

Why it matters: Criminal charges can help the U.S. establish clear norms in a murky and rapidly changing environment, but they may not deter future bad behavior and could even invite retaliation against U.S. intelligence officials.

Go deeper (2 min. read)Arrow