Airbnb (AIRB) is readying a listing for the first half of 2020, according to the WSJ, which also disclosed several of the home-sharing group’s financials.
Strong first quarter performance got a boost from the 91M nights reserved on the platform, which amounted to $9.4B in total bookings, up 31% from the same period the year before. It also had about $3.5B in cash on its balance sheet as of March 31 and reported a 40% revenue growth rate in 2018 compared with the previous year.
Airbnb hasn’t yet decided if it will pursue a traditional IPO or if it will follow the unconventional path of Spotify and Slack to a direct listing.
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