Even though the co-founder of Airbnb, Nathan Blecharczyk, stated back in March that Airbnb might not go public in 2019 and that the property rental giant might wait for 2020, the CEO confirmed at the end of April that Airbnb will go public in 2019.
What comes as one of the most anticipated IPOs for 2019 aside from Uber that failed to meet expectations as potentially the greatest IPO in years, according to CEO, Brian Chesky, Airbnb will go public in 2019.
When Will Airbnb Go Public? Airbnb IPO Date
The exact date of Airbnb IPO is yet to be revealed, while the CEO confirmed that Airbnb will have its public debut in 2019, even though the company planned to postpone the event.
The market seems to be overly saturated with IPOs as the trend of publicly traded companies persists, which is why it might be a good thing that Airbnb decided to wait for the end of 2019.
Airbnb Financial Reports and Estimates
Given the fact that Airbnb is still a private company, investors don’t have exact financial metrics for the company, however, according to TechCrunch, Airbnb went above 1 billion dollars in revenue for Q3 of 2018.
Additionally, Wall Street analysts indicate that Airbnb will record increases in year to year revenue, from 3.8 billion dollars in 2018 to 8.5 billion dollars by the time 2022 arrives.
Airbnb s yet to officially file papers for IPO, which is when more information on the initial offer will be revealed.
Airbnb is Working on Advancements Ahead of Its IPO
According to the statement by Brian Chesky, Airbnb’s CEO, the well-known rental platform is planning on opening a studio where the company will be working on streaming and creating original content.