Airbnb to list shares in 2020

In the latest announcement, Airbnb alleges to list on stock exchanges in the next year. Experts believe, the listing to be the highest-profile share sales of the year 2020.

In this week, Airbnb claimed its second quarter revenue reached $1bn (£800m), however it was not determined if profit was made. In earlier announcements, the firm had said it had attained profits in 2017 and 2018.

Headquartered in San Francisco, Airbnb was founded in 2008 and offers about seven million places across 191 regions and countries around the world.

Sharing economy firms allow general public to rent out property such as tools, parking spaces, cars, homes, etc. for rent out. People can rent via an app, or through a website. Airbnb has recently also offered the provision to book activities at travel destinations, along with bookings for accommodation.

Uber and Lyft are other similar firms that offer services like Airbnb. Their investments however fared poorly this year. Alleged reason is investors doubted the firms’ prospects for attaining profits.