Airbnb Readies for IPO in 2020

SAN FRANCISCO—Airbnb Inc. revealed that it expects to become a publicly-traded company during 2020. A specific timeline for the initial public offering (IPO) was not disclosed.

The home-sharing platform has had a busy summer with strategic plans to expand its reach in several areas of the business leading up to the IPO.

In August, the company acquired Urbandoor, a global online marketplace where professionals can find furnished and serviced apartments for extended business trips, relocations and other longer-term stays. The company also bolstered its Airbnb for Work services by introducing new search capabilities for business travel.

Airbnb launched Airbnb Luxe in June as a new luxury experience, providing access to properties with dedicated trip designers to ensure bespoke experiences and services in far-flung locales such as New Zealand and South Africa, castles in France and historic villas in Tuscany, Italy.

Airbnb stated the platform added more than one million listings between July 1, 2018 and May 15, 2019.