Still, the news ends years of guessing and speculation as to when the Silicon Valley giant would have its market debut after CEO Brian Chesky said in April he would be ready to take it public as soon as this year.
Airbnb announces it will go public next year after WeWork delays IPO
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In the case of a WeWork IPO, employees' net worth on paper was looking to be at least 70% below where the company last raised money. WeWork had planned to go public earlier this year, but pushed that back after weak demand in public markets, and the removal of CEO and founder Adam Neumann. Home-sharing company AirBnb's highly anticipated IPO is slated for next year, and Peter Thiel-backed data analytics start-up has yet to announce plans.
"Toward the later rounds, private investors will have to be more rational in what they're willing to pay," Rao said in an interview. "The company has to be able to withstand public market scrutiny, which will only get more intense after this round of IPOs." 2ff7e9595c
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