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Airbnb Isn’t Ready For IPO, Says Andreessen’s Jeff Jordan
Airbnb
Airbnb isn’t ready to make its public debut—the firm already has its hands full focusing on growth and dealing with regulatory challenges.
That’s according to Jeff Jordan, the Andreessen Horowitz partner on Airbnb’s board, who says the home-sharing firm is still in a hyper-growth stage, Bloomberg reports. Jordan thinks next year is too optimistic, saying management needs to prepare for a market debut and finally resolve important regulatory challenges.
Some people worry the tech IPO pipeline is backing up, wondering if soaring valuations will actually stand up to public scrutiny. And soar it has—Airbnb reached a $30B valuation last month, surging past Hilton, the world’s largest hotel operator. [Bloomberg]
