The short-term rental company may be one of the most highly-anticipated IPOs of 2020.
in a short statement Thursday it plans to go public in 2020, confirming its long-awaited debut on the public markets after a string of highly-valued venture-backed private companies have already gone public this year.
The announcement didn’t specify whether Airbnb would opt for an initial public offering or a direct listing like and Spotify. In a direct listing, new shares aren’t issued, but current shareholders are able to trade their shares publicly. It’s a way to raise money without the help of underwriters.Airbnb brought in more than $1 billion in revenue during the second quarter of 2019, the companyIn 2018, Airbnb: Large venture-backed startups such as Uber and Lyft haven’t fared well since going public earlier this year. And WeWork has postponed its original IPO after concerns from investors.
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