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 (PSE:IPO) has gained 31.9% year to date while the S&P 500 (S&P:SPX) has advanced 20.5%.
Sept. 19, 2019, 10:45 a.m. EDT