Airbnb wants to go public despite the corona crisis

Occupancy Platform Airbnb puts plans for an IPO through. Nearly a year ago, Airbnb said it wanted to be a publicly traded company by 2020. But those plans were cancelled early this year due to the corona crisis

Now, however, Airbnb has filed an application with the U.S. Securities and Exchange Commission (SEC) for the issuance of shares in an IPO. It is not yet known when the IPO will take place and how many shares the company plans to issue at what price

1900 redundancies

Because of corona, bookings through Airbnb collapsed earlier this year. In May, the company announced it was going to lay off 1900 people, about a quarter of all personnel. Recently, the market for vacation room and apartment rentals has picked up again. But it’s still a long way from the old level, Airbnb said last month.

On July 8th, for the first time since March, more than a million overnight stays were booked via the platform within a day. People mainly book destinations that are relatively close by and outside the city.

Detropriation

In many tourist cities there is resistance to the company, because some homeowners permanently rent homes, often illegally, to tourists. In those houses, therefore, people no longer live, while there is often a housing shortage. Many municipalities are making all kinds of attempts to reduce these practices.