September 20, 2019
Airbnb, Inc. plans to become a publicly-traded company during 2020. The San Francisco-based company has grown into one of the largest home-sharing platforms since its founding in 2008.
The company has more than seven million listings in 100,000 cities worldwide. Airbnb says Q2 2019 revenue “substantially” exceeded more than” $1 billion. And while it didn’t reveal profits, that’s the second time in company history that revenue topped $1 billion.
The planned IPO announcement comes after rough public launches for Uber and Lyft earlier this year, as well as the highly-anticipated, but delayed, WeWork public offering. That murky environment, coupled with economic uncertainty, may lead to investor caution.
Airbnb expanded its offerings and platform recently, including the acquisition of Hotel Tonight, Luxury Retreats and Urbandoor. It also has grown its experiences that allow guests to explore local areas, participate in cooking classes or discover other activities when they visit a new city.
*Pictured Airbnb’s HQ 888 Brannan St. Credit Sundry Photography, Shutterstock.com
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