Airbnb confidentially files for IPO, sets stage for blockbuster listing

The number of shares to be offered and the price range for the IPO have not yet been determined, the company said."The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions," Airbnb added.Reuters reported in October Airbnb was close to hiring Morgan Stanley and Goldman Sachs Group Inc as joint lead advisers on its IPO, after the company announced plans to go public in 2020.