Airbnb says it will go public in 2020

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NEW YORK (AP) – Home-sharing company Airbnb Inc. says it plans to go public in 2020.

It’s a long-awaited move for the company, which was founded in 2008 in San Francisco.

Airbnb is one of the largest home-sharing platforms.

It has more than 7 million listings in 100,000 cities worldwide.

Airbnb said earlier this week it made $1 billion in revenue in the second quarter of this year. It didn’t reveal its profits.

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