Airbnb has reportedly told employees it's resuming plans to go public as business slowly bounces back

• Airbnb CEO Brian Chesky told employees that the company is resuming preparations for an IPO, The New York Times first reported Wednesday and Business Insider confirmed.
• The company has said that it intends to go public sometime this year, but Bloomberg reported that the timeline could be pushed to 2021 as a result of the coronavirus pandemic.
• Airbnb, which was reportedly losing money even before the pandemic, saw business plummet as travel ground to a halt.
• But the company is also under pressure to go public from employees whose stock options could start expiring soon.
• Visit Business Insider's homepage for more stories.

Despite taking a major hit to its business during the pandemic, Airbnb is once again gearing up to go public, The New York Times first reported Wednesday and Business Insider confirmed.

"This is something I never would have imagined telling you," CEO Brian Chesky told employees, according to The Times.

See the rest of the story at Business Insider

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