** Seeks to become a public companyֱֱ! Airbnb - The company that provides rental housing for term housing…
** Seeks to become a public companyֱֱ!
Airbnb - the company that provides short-term housing rental services - will become a public company on the stock exchange next year, its chiefs announced. **
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The rental company of homes, apartments and housing units claimed to have earned more than $ XNUMX billion during the second quarter of the year, but did not release the data. Next year it will become a public company and will be forced to publish a comprehensive financial report. **
The company was founded more than a decade ago by Brian Cesky and Joe Gabia - two roommates who needed additional income. They purchased two air mattresses, placed them in the living room of the house and asked to receive $ 80 per night for the service. Since then the company has grown significantly, and today has more than 7 million ads for homes and apartments for rent in more than 100 cities worldwide.
This week the company even claimed to have crossed the $ 2019 billion mark in the second quarter of XNUMX. If this is indeed true, it will be the second time in the company's history that it crosses the desired mark. However, it is important to remember that it is a private company that is not required to publish its financial data. Next year, when it makes its first public offering (IPO), it will no longer enjoy this luxury and will be forced to publish a full financial report.
Over the past two years, Airbnb has made a number of purchases: Last May, it purchased Hotel Tonight, and on 2017, it acquired Luxury Retreats. These are two complementary brands for her, and moreover, these are assets that raise its value for the IPO, which is expected to happen in the first half of 2020.
The company made headlines last year after deciding [to remove ads for renting units and rooms in West Bank communities] (https://hebrewnews.com/article/24247)In Israel, a move perceived by many as anti-Semitic. Only about five months later the company [reversed its decision] (https://hebrewnews.com/article/27292).
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