Airbnb has no plans for IPO yet: CEO Chesky

Markets Reuters

Airbnb Chief Executive Brian Chesky poses for Reuters in Los Angeles, California, U.S. November 17, 2016. REUTERS/Phil McCarten (Copyright Reuters 2017)

Airbnb, the leading online marketplace for short-term lodging, has no specific plans yet to go public, its chief executive officer Brian Chesky said on Monday.

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"We don���t have any announcement to make. We are working to make sure that the company is ready,��� Chesky said at an event at the New York Exchange when asked about plans for an initial public offering.

���Our investors are very patient and none of them are anxious for us to go public,��� he said, adding that the company doesn't need to raise more money.

Airbnb raised $1 billion in its latest round of funding, valuing the company at $31 billion. The company which operates in more than 65,000 cities worldwide turned profitable in the second quarter of 2016.

(Reporting by Angela Moon; Editing by Chizu Nomiyama)