Sep 19, 2019

Airbnb plans to list shares next year

The home rentals site Airbnb plans to list on stock exchanges next year, in what is expected to be one of the highest-profile share sales of 2020. One of the earlier so-called sharing economy sites, the Californian firm is facing criticism for hollowing out communities in popular destinations. The sharing economy includes firms that let ordinary members of the public rent out use of their property: homes, cars, tools, parking spaces, or skills, directly with anyone happy to pay for them. Two other similar firms, Lyft and Uber both floated this year, but their shares have fared poorly as investors question their prospects for making profits. WeWork offers shared working spaces with communal office services.

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