Airbnb Says Its I.P.O. Plans Are Back on Track
Airbnb has resumed its efforts to go public, despite significant damage to the home rental business caused by the coronavirus pandemic, Airbnb's chief executive, Brian Chesky, told employees Wednesday.
On a videoconference with employees, Mr. Chesky indicated that the company's gross bookings — a sum that includes money paid to hosts — had rebounded in recent weeks from their nose-dive.
"This is something I never would have imagined telling you," he said in the meeting, which The New York Times attended. "It kind of defies logic in a way." He added that the trend could change as lockdowns returned in some parts of the United States.