The number of shares Airbnb will sell and the valuation it will seek have not yet been determined, Airbnb said in a statement, and the company did not give a timeline for when it may complete its IPO.
It is understood the company is targeting a listing before the end of the year.
The collapse of Airbnb’s core home-rental business due to the COVID-19 pandemic had prompted Airbnb to suspend marketing activities for the year and cut about 25% of its workforce.
The company in April also raised $2 billion in debt from investors, which valued it at $18 billion, well below the $26 billion Airbnb cited as an internal valuation in early March.
Morgan Stanley and Goldman Sachs are lead advisers on the IPO.
