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Airbnb files for its long-awaited IPO

Airbnb on Monday filed for a $1 billion initial public offering, which is expected to price in December.

Financials: Airbnb reports nearly a $700 million net loss on $2.5 billion in revenue for the first nine months of 2020, versus a $322 million net loss on $3.7 billion in revenue for the year earlier period. But it also reports $219 million in profits for the third quarter of 2020.

  • The company was profitable in 2017 and 2018, but lost money in 2019.

Investors: Airbnb raised around $6.4 billion from venture capital and private equity firms. It was valued at $31 billion in a late 2017 round, but at only $18 billion when it secured an emergency equity and debt round in the pandemic's early days.

  • Major shareholders include Silver Lake, Sequoia Capital,, Founders Fund, Accel, DST Global and Greystar Real Estate.

IPO details: Airbnb plans to list on the Nasdaq under ticker symbol ABNB, with Morgan Stanley and Goldman Sachs as lead managers.

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