Airbnb has indicated that it will attempt to become a publicly traded company during the 2020 fiscal year. The company made its IPO announcement through a press release, which focused on the company's growth. Airbnb was started in 2008, and since then has expanded into an organization worth over $30 billion. The organization also has more accommodation on offer than many of the world's top hotel companies.
Ahead of its IPO, Airbnb points to a very successful second quarter of 2019. The company states that during this time, Airbnb's revenue totaled over $1 billion. Airbnb previously attempted to become a publicly traded company in 2019, however it has since revised its plans to focus on a 2020 IPO date.
Accommodation App IPO Efforts
Airbnb Will Look to Become a Publicly Traded Company During 2020
Trend Themes
1. Public Listing - The trend of companies going public offers an opportunity for Airbnb to raise more capital and attract new investors.
2. Accommodation Industry Disruption - The growth of Airbnb and its extensive offering of accommodations poses a disruptive innovation opportunity for traditional hotel companies.
3. Strong Revenue Growth - Airbnb's impressive revenue in Q2 2019 highlights the potential for disruptive innovation in the accommodations sector.
Industry Implications
1. Hospitality - The hospitality industry has a chance to embrace disruptive innovation by adapting to the changing landscape created by Airbnb's IPO.
2. Technology - The technology industry is well-positioned to capitalize on the increased demand for platforms and solutions supporting companies going public, like Airbnb.
3. Investment Banking - The investment banking industry sees an opportunity to provide financial services and expertise to support Airbnb's journey to becoming a publicly traded company.