Most companies rushing to public markets 'need the money. We don't need to raise money and so we haven't been in a rush,' Airbnb CEO Brian Chesky says.
The nontraditional lodging company that is shaking up the hotel industry is likely to take a nontraditional path to public markets in 2020.
Airbnb, the internet unicorn that was once expected to go public this year, has already built a war chest to run its business successfully, according to founder and CEO Brian Chesky, who told CNBC's"Most people that are really rushing to go public, the No. 1 reason they do is because they need the money.
Because Airbnb is in no rush to open its shares, it may opt for a direct listing, where a company underwrites its own securities to raise capital on public exchanges. Morgan Stanley and Goldman Sachs are
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Airbnb Signs ‘$500 Million’ Olympic Sponsorship Ahead Of IPOI am an assistant editor based in London. I am originally from Italy and I have lived and worked in the Netherlands and Denmark before moving to the U.K. I have worked for Newsweek and PinkNews, and my work has also appeared in the Economist Intelligence Unit and the New Statesman. Speak to me in English, French or Italian and pitch me ideas via DM on Twitter sofiaellepi or via email sofia.persioforbes.com.
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