After spending much of the pandemic worried over the relevance of short-term and travel stays, Airbnb has announced that it is doing better than it originally predicted. The short-term rental hosting startup has restarted its plans to come public, stating that it is looking to raise $3 billion in a December-planned IPO.
Sources that have released the IPO news also said that Airbnb could hit a valuation of $30 billion.
Airbnb has alluded to one of the reasons for this rebound being that travelers are opting to stay in sanitized homes rather than risk staying in hotels where they would be in contact with strangers.
The short-term rental platform isn't the only company planning an IPO while the pandemic continues to rage. Opendoor also showed signs of a possible public announcement in the near future.
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