AirBnB announces plans to go public in 2020

Thursday, September 19, 2019
SAN FRANCISCO -- AirBnb revealed Thursday that it plans to go public next year.

Investors have waited a long time for San Francisco-based AirBnb to announce its plans for an initial, public offering.
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Earlier this week, AirBnb said it has more than 7 million listings in 100,000 cities worldwide.

USA today also reports AirBnb brought in more than $1 billion in revenue during the second quarter of this year.
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But investors may be cautious following this year's IPO's for Uber and Lyft.

Both ridesharing companies continue to lose money, and both keep trading below the opening stock price.
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