Airbnb said it intends to go public in 2020. The home-rental service did not specify whether its IPO would take place in the first half or second half of the year.
San Francisco Uber and Lyft are each trading well below their IPO prices. Slack 's stock took a beating after its first earnings report as a public company earlier this month. And WeWork is struggling just to make it across the IPO finish line.
And yet Airbnb, one of the most highly valued tech startups around, wants the world to know it still intends to go public despite all the red flags from its peers -- just not this year. The home-rental service said Thursday that it intends to go public in 2020, though it did not specify whether its IPO would take place in the first half or second half of the year. It's somewhat unusual for a company to announce its intention to go public so far out.
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