The story of how Airbnb came to become one of the leading rental and accommodation businesses started out back in 2008 with two roommates first starting the business in their own living room, which is yet another success story from the Silicone Valley.
Airbnb has by far hosted around 400 million people through their platform in the course of a decade since the business was first founded, while managing 2 million users per night year to year.
Furthermore, the company is estimated at 31 billion dollars with the upcoming IPO, which had been previously taken into consideration far back in 2014 according to Airbnb’s CEO.
Here is what you can expect from Airbnb IPO, including the latest information on the IPO release date, profit estimates, price per share and profitability potential.
What to Expect from the Upcoming Airbnb IPO in 2019?
Airbnb is one of the giants of sharing economy and also one of the well-known unicorn companies that have managed to turn applications and intermediary services into a large user base, year to year positive revenue, stable growth potential, and very soon Airbnb will be issuing their own IPO.
According to the latest reports, the value of the company’s IPO is set at 31 billion dollars, while it is considered that the public offer should become available already by June 30th, 2019, while even in case of postponing the IPO should be out by the beginning of 2020.
The company’s representatives have still not shared specific information on the price per share of Airbnb IPO, while the company by far collected 4.4 billion dollars through private funding.
Airbnb is said to be expecting to reach 8.5 billion dollars in revenues by the end of 2020, over the course of the next two years, based on their growth and profitability potential, while the rental giant made a profit of 100 million dollars out of 2.6 billion in revenues during 2017.