Deals
Airbnb’s Path to 2020 Stock Listing Imperiled by Coronavirus
- Startup was targeting first half to kick off the process
- Shares of rivals dive as travel bookings canceled globally
An AirBnb app displayed on a smartphone.
Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images
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One of the most anticipated public listings of 2020 is in danger of being derailed by the spread of the coronavirus.
Airbnb Inc., operator of the largest home-sharing service, has been working toward a stock market debut this year and was looking to start the process around March or April, people with knowledge of the matter said. That kickoff could get pushed back, some of them said. And now, with consumers and businesses canceling travel plans around the globe, Airbnb’s plan is at risk of slipping into 2021.