Airbnb: No IPO in 2018

Photo illustration: Axios Visuals

Airbnb will not go public in 2018, according to a statement from CEO Brian Chesky. The news came within an announcement that chief financial officer Laurence Tosi is leaving the home-sharing juggernaut, while legal and business officer Belinda Johnson will become chief operating officer.

Why it matters: Airbnb seemed poised to break Silicon Valley's "unicorn" IPO drought, following last week's addition of outgoing American Express CEO Ken Chenault as an independent director and news that the company will soon release its first "annual stakeholder report."