Global home rental platform Airbnb has revealed plans to list on stock exchanges, starting from next year.
In what is expected to be one of the highest-profile share sales in recent years, Airbnb has had to fight off a series controversies before today’s announcement.
A key member of the ‘sharing economy’, Airbnb has become increasingly popular in recent years with holidaymakers and businesses across the world. However, cities across the globe are now looking into ways to curb its use, as it apparently affects local hotel tourism.
This week Airbnb said second quarter revenue reached in excess of £800m, but did not say whether it made a profit. Airbnb had previously announced that it was profitable in 2017 and 2018.
Airbnb will be hoping that they will fare better than other sharing economy platforms, Uber, Lyft and WeWork, who have all struggled with listings in the last year.