On August $19,2020$ it was reported that AirBnB was pursuing an Initial Public Offering $($IPO$).$ Just weeks prior to this news release, the founder of AirBnB expressed the significant reversal the pandemic had on progress it had made as a company over the prior decade.

Questions: Why might AirBnB have chosen to go public at this time? What might be challenges that AirBnB face in their initial public offering that they might not have faced prior to the pandemic? Clearly state and explain at least two challenges. Should AirBnB have pursued a debt offering instead? Why or why not?