Airbnb CEO Brian Chesky.
John van Hasselt | Corbis | Getty Images
Airbnb announced Wednesday that it has submitted a draft listing to the Securities and Exchange Commission for an initial public offering.
The company did not disclose its financial information nor did it indicate how many shares would be offered.
The submission comes after a rough year for Airbnb and the U.S. travel industry.
Airbnb laid off nearly 1,900 employees in May, or about 25 percent of the company. The company also slashed marketing costs and raised billions of dollars in debt. Numerous short-term rentals have also complained about late or missing Airbnb payments.
The coronavirus pandemic brought the travel industry to a standstill, resulting in an estimated $ 330 billion in lost revenue since early March, according to an August 13 report by the US Travel Association.
Airbnb, however, came back again after an increase in rents in the countryside as residents fled through pandemic cities.
Airbnb was valued at $ 18 billion after its last round of financing in April. That was almost half of what the company was worth in 2017.
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