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Sept. 19, 2019, 10:45 a.m. EDT

Airbnb to go public sometime next year

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By Tomi Kilgore

Airbnb Inc. said Thursday that it plans to go public during 2020. The home rental and travel site made the announcement in a single sentence published on its website. Airbnb was valued at $31 billion in April, according to The Wall Street Journal's Billion Dollar Startup Club. The company made the announcement at a time the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO +1.79% has gained 31.9% year to date while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.36% has advanced 20.5%.

/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 38.58
+0.68 +1.79%
Volume: 64,070
June 3, 2020 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,122.87
+42.05 +1.36%
Volume: 3.16B
June 3, 2020 5:18p
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