Airbnb to avoid the traditional route to market
Some of the new generation of tech firms have spent years raising private funds and don't necessarily need money from an IPO, but are looking for a way to let employees and investors cash out
Airbnb’s long-awaited Wall Street debut is officially earmarked for 2020, but the home-share start-up is charting an unconventional path to the public markets.
San Francisco-based Airbnb is laying the groundwork for a direct listing rather than an initial public offering, according to people familiar with the matter. Airbnb declined to comment.
Technology start-ups usually choose a traditional IPO (initial public offering) to tap into the public markets. Some of the new generation of tech...
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