SAN FRANCISCO - Airbnb said on Thursday that it plans to go public in 2020, becoming one of the last of a generation of prominent technology start-ups to aim for the stock market, even as some of its brethren have struggled since listing their shares.
When it goes public, Airbnb, valued by private investors at US$31 billion, will be one of the most highly valued public offerings to hit the market since this spring, when a rash of hot start-ups, including Uber, Lyft, Slack and Pinterest, listed their shares. Airbnb is considering several nontraditional approaches to its public offering, including a direct listing, the people said. In a direct listing, a company lists shares on a public market without raising any additional capital. The method has gained traction in recent years as streaming service Spotify and Slack, the business software company, have adopted it.
This week, WeWork, another deeply unprofitable start-up, postponed its initial public offering altogether after a cold reception from investors. The shared office space giant has faced deep skepticism about its business model and corporate governance.
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