![Airbnb files confidential paperwork for an IPO Airbnb files confidential paperwork for an IPO](https://morningtopnews.com/wp-content/uploads/2020/08/1597900334_190930155900-airbnb-ceo-brian-chesky-file-super-tease-768x432.jpg)
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On Wednesday, Airbnb announced it had submitted confidential paperwork with the US Securities and Exchange Commission for an initial public offering.
Founded in 2008, Airbnb upended the hotel industry by allowing individuals to rent out rooms in their homes for travelers. It became one of the most valuable private startups in the world, reaching a valuation of $31 billion at one point.
The next month, however, Chesky told CNN he was open to making a Wall Street debut happen despite the sudden downturn.
“It’s not off the table, but we’re definitely not committing to anything right now,” Chesky told CNN’s Poppy Harlow. “We’re going to keep our options open.”
Airbnb’s board includes big names like former American Express CEO Kenneth Chenault and former Pixar executive Ann Mather. Meanwhile, Chesky also has his fair share of prominent mentors to go to for advice, including Warren Buffett, Bob Iger and Barack Obama.
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