Thursday 19 September 2019 3:24 pm

Airbnb plans to go public in 2020

Airbnb has revealed its intention to become a publicly-traded company next year.

In one of the most prominent market listings scheduled for next year, the property giant has said today that it is looking to float in 2020.

Read more: Wework delays IPO

The move could see Airbnb, which is an online marketplace for lodging, potentially join a number of fast-growing private tech companies that have already gone public this year.

Earlier this week the firm’s revenue hit over $1bn (£800m) for the second quarter of 2019, but it gave no details on profitability for the same period.

Speculation that the home rentals company will go public has been mounting this year, with boss Brian Chesky saying in May that the company will be “ready to IPO next year, but I don’t know if we will.”

Airbnb has not yet said whether it will opt for an initial public offering (IPO) or a direct listing.

A number of fast-growing startups have listed this year, with the likes of Uber and Lyft both going public but struggling to win round investors concerned over long-term profitability.

Earlier this year Wework pushed back plans for its highly-anticipated initial public offering (IPO) amid cooling investor appetite.

Following a number of setbacks over its ambitions to go public, the fast-rising parent owner of real estate group Wework is expected to postpone its listing until the end of the year.