Home-sharing platform Airbnb will soon be open to public investment.
The popular San Francisco-based company revealed plans for its IPO to take place in 2020. The company put out a press release revealing the news as part of the required process of going public.
The company reported more than $1 billion in revenue during Q2 2018. The company has yet to report full year revenues for 2018 but reported more than $2.5 billion in revenue for 2017, a 50% increase over 2016 revenue. Earlier this year, the company privately sold common shares, valuing the hotels at around $35 billion.
Airbnb’s IPO comes as other popular unicorns have gone public in recent months including Uber and Lyft. Earlier this week, WeWork pulled back on its plans to go public.