An Airbnb IPO is in the works, but possible investors can calm down as it’s still a ways off.

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Here’s what to know about the Airbnb IPO news.

• Airbnb announced on Thursday that it is intending to become a publicly-traded company.
• It says that this will happen sometime in 2020.
• However, it did not go into any more details about the plans.
• This includes not saying if it has made a filing with the U.S. Securities and Exchange Commission to go public.
• An Airbnb IPO has been talked about before, but never with any hard details.
• This includes comments earlier this year from cofounder Nathan Blecharczyk.
• Blecharczyk said in March that the company was preparing for an IPO, but that it didn’t know if it would go public this year.
• It’s possible that legal troubles are what is keeping an Airbnb IPO from happening sooner.
• There have been issues with its short-term home and apartment rental service in New York City.
• NYC doesn’t allow for these types of rentals, but that hasn’t stopped people from using the service in the city.
• As a result, Airbnb has been caught up in legal battles about the use of its service in the area.
• Some anonymous investors in Airbnb say it wants to get this sorted out before it moves froward with an IPO.
• When the Airbnb IPO does take place, it may be through a direct listing, which was rumored earlier this year.

You can follow these links for more information about the Airbnb IPO.

As of this writing, William White did not hold a position in any of the aforementioned securities.