Airbnb may delay its public float to 2021 as coronavirus sends shivers through the market - Business Insider

, the online rentals firm has been working toward an IPO and was looking to start the process around March or April.

But anonymous sources with knowledge of the matter told the publication that it could get pushed back as the virus continues to spread.Airbnb has faced difficulties of late,in the first 9 months of 2019 compared with a $200 million profit during the same period a year prior. Founded in 2008, Airbnb provides a platform that connects people willing to rent out their homes to guests looking for cheap accommodation, collecting a fee of about 15% from guests and hosts. To date,in more than 100,000 cities across over 200 countries and regions.

But it's possible Airbnb's rapid ascent to global popularity is a problem in itself. The firm is struggling to scale prudently, having spent

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Stock market investing strategy, outlook for coronavirus: 8 experts - Business Insider8 of Wall Street's top minds weigh in on whether the market will recover from coronavirus chaos — or if the global economy will be thrown into recession
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