The San Francisco-based company has yet to set a date for the IPO but it is laying the groundwork by filing financial records with US securities regulators. Airbnb said it currently has 7.4 million listings run by 4 million hosts worldwide. Earlier this year, hosts were infuriated when Airbnb allowed guests to cancel and get full refunds amid the pandemic. Airbnb later promised $250 million to hosts to make up the shortfall. It also named a 15-member host advisory committee to distribute those funds and meet regularly with Airbnb leadership.

Source: New Zealand Herald November 17, 2020 00:56 UTC