SAN FRANCISCO, California — Airbnb Inc. said Thursday it plans to go public in 2020. The company disclosed the news in a brief statement.
The San Francisco-based Airbnb which was launched in 2008, was valued at $31 billion last year, according to Renaissance Capital, which researches IPOs.
Airbnb started to become a reality when its Co-founders Brian Chesky and Joe Gebbia needed some extra cash, so they put three air mattresses on their apartment floor and set up a website promising a place to sleep and a free breakfast.
They named their new venture AirBed and Breakfast.
Since then, Airbnb has grown into one of the world’s largest home-sharing platforms, rivaled only by Booking.com. Six guests check into an Airbnb every second, the company says. Airbnb has more than 7 million listings in 100,000 cities worldwide. Nearly 1,000 cities have more than 1,000 Airbnb listings. In 2011, only 12 cities did.