Airbnb Announces Plan to Go Public in 2020

Valued by private investors at $31 billion USD.

By
Tech
11,619 Hypes 9 Comments

In a brief company announcement made yesterday, Airbnb shared its intent to go public at some point in 2020 by simply stating:

“Airbnb, Inc. announced today that it expects to become a publicly-traded company during 2020. This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended (the “Securities Act”) and shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act.”

The reasons for Airbnb’s future filing are still a mystery, but The New York Times notes that the company has reportedly considered offering equity to its “hosts” who open their homes to Airbnb guests. Under the securities law mentioned in the above statement, though, Airbnb had to announce its IPO plans before offering any shares to hosts.

This news closely follows The We Company‘s decision to postpone its IPO after its valuation dropped from $47 billion USD (in January 2019) to just $10 billion USD. The New York Times also reports that Airbnb is currently valued by private investors at $31 billion USD, meaning that once it files, it would likely be one of the most valued public offerings to hit the market since other shared economy businesses like Uber, Lyft and Slack filed for IPOs this past spring. After watching The We Company’s recent experience, however, Airbnb’s pre-filing announcement could simply be a preemptive way to test the waters before moving forward.

In other business news, Foot Locker is launching a new platform to change the way it interacts with customers.

Read Full Article

Join Our Discussions on Discord

The HYPEBEAST Discord Server is a community where conversations on cultural topics can be taken further.

1124 Users Online

What to Read Next

Nike Shox Champions Boundary-Pushing Creative Talent from Across Europe
Footwear 

Nike Shox Champions Boundary-Pushing Creative Talent from Across Europe

Presented by Nike
Meet artist and painter Shay Casanova.

Streetsnaps: Samuel Ross and Diesel's Renzo Rosso
Fashion 

Streetsnaps: Samuel Ross and Diesel's Renzo Rosso

The A-COLD-WALL* founder and Only The Brave president talk their recent collaboration.

Tim Bengel Creates Large-Scale 'Flower Skull Cemetery' Overnight
Arts

Tim Bengel Creates Large-Scale 'Flower Skull Cemetery' Overnight

Prompting the question “Why did or didn’t I live?”


Aquadive Joins Forces with Poisedon Diving Systems for Limited-Edition Watch
Fashion

Aquadive Joins Forces with Poisedon Diving Systems for Limited-Edition Watch

Only 300 will be available worldwide.

Damien Hirst Reflects on Beauty & Mortality in "Mandalas" Exhibition
Arts

Damien Hirst Reflects on Beauty & Mortality in "Mandalas" Exhibition

The rockstar artist returns with new butterfly motifs on intricate paintings.

Björn Borg Unveils Collaboration With Designer Liam Hodges
Fashion

Björn Borg Unveils Collaboration With Designer Liam Hodges

Presented by Björn Borg
Featuring an interview with the designer.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.