CapitalG-backed short-term accommodation provider Airbnb last raised financing at a $1bn pre-money valuation in April.

Airbnb, the US-headquartered short-term accommodation marketplace backed by internet and technology conglomerate Alphabet, filed yesterday to raise up to $1bn in its initial public offering.

Founded in 2008, Airbnb operates an online platform that lets users book accommodation around the world at the homes of some 4 million hosts, in addition to discovering local experiences.

The company has seen a significant downturn in business this year as the covid-19 pandemic has sharply impacted travel but has partially made up…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.