Airbnb has crucial decisions to make before the idea eventually floats on the stock market yet will likely become a public company within the next couple of years, one investor told CNBC Thursday.
“When they go public, so many factors will go into the idea – the markets, how they think about international expansion, they want to be able to focus on of which for awhile before dealing with the public market pressures,” Hemant Taneja, managing director at General Catalyst, told CNBC at the Slush tech event in Helsinki, Finland.
“yet I do expect This kind of within the next couple of years some time,” he added. General Catalyst currently holds a stake in Airbnb.
The initial public offering (IPO) of the online vacation listings company is usually one of the most hotly anticipated events within the tech space. Its Chief Executive Officer, Braine Chesky, said in October of which the firm will be “ready as absolutely soon as we can” for a floatation. At the time, he denied comments of which the company will go public next year, saying of which Airbnb will just be ready.