Home IPO Airbnb Says It’s Not Committed to Going Public in 2019

Airbnb Says It’s Not Committed to Going Public in 2019

by Cherella Cox

Airbnb co-founder Nathan Blecharczyk reiterated the company’s plans to go public without a specific date, in an interview with Business Insider India:

“We have already said that we are taking the steps to be ready to go public in 2019. That doesn’t mean we will go public in 2019,” Blecharczyk said.

This is consistent with what the company has said for a long time.

The New York Times posted a similar statement from the company in early March after it announced its purchase of HotelTonight. Many on Wall Street expect Airbnb to go public “as soon as June 30, 2019, but not later than late 2020,” as TechCrunch reported last year.

The San Francisco company, with more than 3,000 employees according to FactSet, is among the most highly valued tech start-ups, often called “unicorns.” The market has high hopes to see it and other unicorns go public, such as ride-hailing companies Uber and Lyft. 

An online marketplace for people to list and book lodgings and experiences, Airbnb competes with privately held Homeaway, Inc. and Travelocity.com Inc. as well as publicly traded Booking Holdings (BKNG) and Expedia (EXPE) . 

Booking was trading at $1,760.11, up 1.39% Wednesday morning; Expedia was also up, by 0.38%, at $121.00.

 

 

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