Airbnb to file for IPO in 2020

Jamie McKane

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Airbnb to file for IPO in 2020

Airbnb Inc.’s Brian Chesky is trying to soothe the masses.

The co-founder and chief executive officer of the home-sharing website told employees on Thursday that it will pay them cash bonuses and is aiming to hold an IPO before late 2020, when some employee stock grants expire.

The move is designed to calm growing frustration because the 10-year-old upstart has yet to pursue a public offering.

[Bloomberg]
 
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