Home rental Goliath Airbnb plans public listing in 2020


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Home rental Goliath Airbnb plans public listing in 2020

San Francisco, CA-based online marketplace offering lodging, tourism experiences alongside primary homestays, Airbnb, had issued a short statement on Thursday, the 19th of September 2019, saying that the home rental giant, had been working out a plan to list its shares for public market trading by 2020.

Nonetheless, without disclosing further details on how the home rental tycoon had been planning to list its stocks, it posted a short statement in its website on Thursday (September 19th) adding that it would list its shares next year as beforementioned, however, the company was expected to go-ahead with a direct listing, while a direct listing refers to a process to enter into public trading without adding any new share, which in effect save millions of dollar at underwriting fees.

In point of fact, followed by reveal of the news, several industry analysts were quoted saying that Airbnb stocks would likely to be among the most high-profile listings next year. Although, WeWork delayed its IPO in context of a lacklustre response, analysts were anticipating a warm response for the online marketplace for home rentals, while expressing a through-and-through optimism to Airbnb’s plan towards profitability, a principal at Renaissance Capital, Kathleen Smith said, “I think it’ll be a whole different reception for Airbnb, assuming that they can show they’re a profitable business without having to lose money on marketing. ”