The popular home-sharing rental business, Airbnb has announced plans to become a public company in 2020 through a brief statement. “Airbnb, Inc. announced today that it expects to become a publicly-traded company during 2020.” Having said that, the company didn’t disclose any target date or a specific timeline for the initial public offering.
This news comes a day after We Company, the parent organisation of WeWork, was forced to delay its initial public offering (IPO) after investors questioned its worth and expressing concerns about WeWork’s corporate governance. According to Renaissance Capital, which researches IPOs, Airbnb was valued at $31 billion last year.