Home Breaking Airbnb planning IPO in 2020 after reporting over $1bn in revenue

Airbnb planning IPO in 2020 after reporting over $1bn in revenue

by LLB Reporter
20th Sep 19 9:43 am

Airbnb have said on Thursday they are planning to go public in 2020 after reporting over $1bn revenue in the second quarter of 2019.

The accommodation booking platform that hosts people’s property, rooms or apartments said in 2018 that Airbnb would be ready for an initial public offering (IPO) in 2019.

Airbnb’s chief executive Brian Chesky said in May 2018 the IPO was not definite, “We have investors who are really patient, and I want to make sure it’s a benefit when we do.”

On Thursday that company announced in a statement, Airbnb Inc announced today that it expects to become a publicly traded company during 2020.”

The home sharing company was founded in San Francisco in 2008 and has more than 7m listings in more than 100,000 cities worldwide.

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