Airbnb Intends Public Listing in 2020

Airbnb

Airbnb—the home rentals giant said that it has got the plans to list on the stock exchanges in 2020. This would make it one of the most high-profile market debuts in the following year.

As per a short statement posted on the company website, Airbnb which is extensively anticipated to list via a direct listing did not provide any details regarding that how it intends to list its shares.

On Wednesday, Airbnb said that it took in more than $1billion in revenue during the second quarter of 2019.

As per the reports of Reuters in June, Airbnb was taking into consideration a direct listing.

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This year marked the debuts of many high-profile IPOs which includes Lyft Inc and Uber, however, the companies have fared rather poorly following their launch, in mid of the investor scepticism over their deficiency of having a solid plan of profitability.

Airbnb has not provided any details on whether it was profitable in the second quarter of the present fiscal year but has earlier said that its earnings before the depreciation, amortization, interest and taxes were positive for the year 2017 and 2018.

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