Airbnb is not in a rush to go public. According to a brief statement issued by the company today, the San Francisco-based travel company said “it expects to become a publicly-traded company during 2020.”
Since its founding in 2008, Airbnb has raised a total of $4.4 billion, according to its Crunchbase profile. This includes venture funding and debt financing. The company also engaged in a number of secondary market transactions, but the amount of money exchanged in those deals was not disclosed.
The company’s last known private market valuation, from its March 2017 tranche of its Series F round, was approximately $30.5 billion.
Backers include TCV, Capital G, Sequoia Capital, and Andreessen Horowitz (a16z), among others.
It’s also on an acquisition spree with 21 acquisitions to date, according to Crunchbase. Most recently, in August, it picked up Urbandoor, which gives people a way to find serviced apartments when traveling for work, for an undisclosed amount.
The company gave a peek into its finances on Wednesday, saying in a statement that it had more than $1 billion in revenue in the second quarter of 2019, according to Reuters. It’s the second time Airbnb has surpassed that level of revenue in its history.
Read Original Article