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Airbnb filed its IPO prospectus

Airbnb's S-1 filing, which was made public on Monday, reveals that the company lost nearly $697 million since the beginning of 2020, on $2.52 billion in revenue.

The filing casts new light on the company's pandemic-era rebound, revealing Airbnb made $219 million in net income on revenues of $1.34 billion last quarter.

Airbnb's filing sets up the home rental company to go public before the end of the year; it had delayed its filing to avoid being overshadowed by the U.S. election, Bloomberg reported. Airbnb is set to be one of the largest stock market listings this year.

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