Save the date: Airbnb may go public in 2018

CEO Brian Chesky says $31B company is halfway through two-year prep

TRD LOS ANGELES /
Mar.March 14, 2017 04:30 PM
From left: Airbnb Founders Nathan Blecharczyk, Joe Gebbia and Brian Chesky (Credit: Getty Images)

From the New York website: After nearly 10 years of business, Airbnb finally set an approximate date to go public.

CEO Brian Chesky said on Monday that the company is on pace to launch an initial public offering in 2018, the New York Post reported.

“We are halfway through the two-year process of getting ready to go public,” Chesky said during an event at the Economic Club of New York at the New York Stock Exchange.

The short-term rental company, valued at $31 billion, brought in $1 billion during its latest round of fundraising. China’s sovereign wealth fund, the China Investment Corporation, contributed roughly 10 percent of that funding haul.

Airbnb has started making moves to expand its business to travel, long-term rentals and other arenas. In February, the company acquired Montreal-based Luxury Retreats, a luxury vacation-rental service. Bloomberg reported in February that Airbnb had $3 billion in cash that it was looking to spend on acquiring other companies, such as travel booking websites.

“I want to sell end-to-end trips where the home will be the minority of what we do,” Chesky said. [NYP] — Kathryn Brenzel


Related Articles

arrow_forward_ios
Airbnb Chief Executive Brian Chesky in front of Los Angeles city hall (Credit: Getty Images, iStock)

A Christmas miracle? LA may loosen key Airbnb restriction

Council Member Mitch O’Farrell’s motion will not be automatically furled into Airbnb ordinance. (Credit: Getty Images, iStock, and Airbnb)

LA throws Airbnb hosts lifeline at rent-stabilized homes, but there’s a catch

The city of Los Angeles is considering allowed rent-stabilized units to be used for home shares. (Credit: Getty Images and iStock)

Last-minute policy tweak could hand Airbnb a key victory in LA

LA’s Airbnb hosts seek carveout for looming ban on renting out secondary homes

LA’s Airbnb hosts seek carveout for looming ban on renting out secondary homes

HomeAway CEO Brian Sharples and Airbnb CEO Brian Chesky say they need a delay (Credit: Getty Images)

Airbnb to LA: Please don’t start enforcing new law on Nov. 1

Californians want more pot shops, Airbnb asks LA to delay short-term rental ordinance: Daily digest

Californians want more pot shops, Airbnb asks LA to delay short-term rental ordinance: Daily digest

Airbnb CEO Brian Chesky

Airbnb — yes Airbnb — says it wants to fix California’s affordable housing crisis

Glendale Mayor Ara Najarian and City Hall

No more “party house” in Glendale if new Airbnb law passes

arrow_forward_ios
Loading...