Airbnb Is the Latest Tech Unicorn Eyeing an IPO
https://wccftech.com/airbnb-is-the-latest-tech-unicorn-eyeing-an-ipo/
Airbnb – the company that offers a vast online marketplace for lodging and homestays – announced on Thursday via a statement that it is planning to go public “during 2020”. This news comes only days after WeWork – the company that provides shared workspaces – was forced to delay its own IPO as investors remained skeptical over its business viability and corporate governance violations.
Airbnb has recently claimed that it has over 7 million listings in over 100,000 cities providing services to 8.2 million guests during the current year up to July 2019. The company has in the past indicated its intention of pursuing a public listing. In March 2019, the co-founder of Airbnb Nathan Blecharczyk said, “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.” The company has however not clarified whether it has confidentially filed the requisite S-1 IPO paperwork that would entail provision of pertinent financial information to potential investors in order to facilitate their sound judgement regarding company prospects.