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

Ina Fried, author of Login
19 hours ago - Economy & Business

IPOs flourish as market shows appetite for tech stocks

Photo: JFrog

Snowflake shares more than doubled on Wednesday, after having the biggest software IPO in history, while JFrog also posted strong first-day gains.

Why it matters: The moves show that Wall Street's appetite for new tech stocks remains significant, with concerns about both the pandemic and high valuations taking a back seat.

Dan Primack, author of Pro Rata
Sep 16, 2020 - Economy & Business

Snowflake is largest software IPO ever

Photo illustration: Aïda Amer/Axios. Getty Images photo: Taylor Hill/FilmMagic

Snowflake, a Silicon Valley cloud data warehousing company, on Tuesday night raised $3.4 billion in what is the largest software IPO ever.

Between the lines: Snowflake loses money, but got a big boost of confidence when Warren Buffett's Berkshire Hathaway agreed to invest $500 million concurrent to the IPO.

Updated 6 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 30,065,728 — Total deaths: 944,604— Total recoveries: 20,423,802Map
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 6,674,070 — Total deaths: 197,615 — Total recoveries: 2,540,334 — Total tests: 90,710,730Map
  3. Politics: Former Pence aide says she plans to vote for Joe Biden, accusing Trump of costing lives in his coronavirus response.
  4. Health: Pew: 49% of Americans would not get COVID-19 vaccine if available today Pandemic may cause cancer uptick The risks of moving too fast on a vaccine — COVID-19 racial disparities extend to health coverage losses.
  5. Business: Retail sales return to pre-coronavirus trend.