Airbnb says it plans to go public in 2020

Airbnb Inc. said Thursday that it plans to go public during 2020. The home rental and travel site made the announcement in a single sentence published on its website. Airbnb was valued at $31 billion in April, according to The Wall Street Journal‘s Billion Dollar Startup Club. The company made the announcement at a time the Renaissance IPO ETF has gained 31.9% year to date while the S&P 500 has advanced 20.5%.

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