Airbnb says it will be ready for IPO later this year
The home-renting company Airbnb will be ready for an initial public offering (IPO) later this year, the company’s CEO said Monday.
“We will be ready a little bit later this year and then any point from then on you could see us,” CEO Brian Chesky told CNBC when asked about company’s timeline to go public.
Airbnb co-founder Nathan Blecharczyk told Business Insider last month that it was not decided if the company would go public this year.
{mosads}Chesky’s comments come as several other popular startups have gone public or are considering doing so.
Ride-sharing applications Uber and Lyft are both making their market debuts this year.
Workplace messaging program Slack is also likely to go public this year.
Airbnb offers more than 6 million places to stay in more than 81,000 cities and 191 countries to travelers, according to its website.
The company was most recently valued at $31 billion after the second half of its $1 billion Series F round in May 2017, according to TechCrunch.
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