Airbnb has told its employees that the company is aiming for an initial public offering by late 2020.
A source close to the company told City A.M. that Airbnb has set a goal of being ready to go public by 30 June 2019, and is aiming to list before late 2020 to get ahead of any employee equity grants expiring.
The company will also be paying cash bonuses to staff in 2018 and 2019, for the first time in years.
Additionally, employees will be receiving more choice with regards to future compensation, including the option to take refresh grants in cash over shares.
Read more: Airbnb valued at $30bn after China's sovereign wealth fund invests $10
The source added that Airbnb has now eliminated that one year vesting cliff for existing employees.
Airbnb was valued at $31bn last year, after closing a $1bn fundraising round. Now it's on the hunt to fill up some key executive positions, like chief officers for its financial and marketing departments which were emptied earlier this year.
A spokesperson for Airbnb declined to comment.
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