Airbnb confidentially files for U.S. IPO

The number of shares to be offered and the price range for the IPO has not yet been determined, the company said in a statement."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 that Airbnb was close to hiring Morgan Stanley and Goldman Sachs Group Inc as joint lead advisers on its planned stock market flotation.