Technology

Airbnb has filed confidential IPO paperwork





Airbnb CEO Brian Chesky.

John van Hasselt | Corbis | Getty Photos

Airbnb on Wednesday announced that it has submitted a draft registration to the Securities and Change Fee for an preliminary public providing.

The corporate didn’t discloses its monetary data nor did it specify what number of shares could be provided.

The submitting comes after a tough yr for the U.S. journey trade and the start-up.

Airbnb in Could laid off nearly 1,900 employees, or about 25% of the corporate. The corporate additionally slashed advertising and marketing prices and raised billions of {dollars} in debt.

That is breaking information. Please examine again for updates.





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PJ

PJ is the Digital Marketer & Founder of PJ Digital Marketing, has involved in this field from 2010 onwards. Also the owner of a few more sites in different fields.