AirBnB Confidentially Files for IPO

It's official: AirBnB is launching an initial public offering (IPO).

The company announced, in a tersely worded press release published after market hours on Wednesday, that it has filed an S-1 to the Securities and Exchange Commission (SEC). This is essentially an official registration statement for a company that aims to list its shares on a stock exchange.

As is common with early stage IPO filings, AirBnB did not specify the number of shares it was planning to sell, nor a price range for that stock. It was also not immediately clear on which stock exchange the company planned to list, or what companies might be underwriting what's sure to be a sizable issue.

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Source Fool.com