Private Equity

Airbnb’s Cofounders Own Nearly 42% Of Covid-dented Business, Ipo Filing Shows

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Airbnb's pre-IPO filings shows widening losses as it prepares for one of the largest IPOs of 2020.: Airbnb's Founders -- Chief Product Officer Joe Gebbia, CTO Nathan Blecharczyk and CEO Brian Chesky -- will hold a 42% stake in the company when it goes public. During a year when global travel has all but stopped due to the Covid-19 pandemic, Airbnb’s losses have soared despite efforts to keep its business afloat as it heads toward one of the largest IPOs of 2020.

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