Airbnb’s Common Stock Price Rises 10%
Airbnb's common stock value is now about 20% higher than its nadir in the spring, but it still at about half its peak last year.
Airbnb
Why it is one to watch: One of the few high profile, consumer-brand tech companies going public in this period, it will test investors' confidence in the home-sharing business model, which has been under regulatory and competitive attack. The fact that it is occurring during a pandemic which has devastated travel also poses a challenge.
Expected timing: December.
Type: IPO
S-1: Filed 11/16. Amended filing 12/1 here.
Airbnb Was Profitable in Third Quarter
The report, which includes an interview with CEO Brian Chesky, is likely to help strengthen confidence in the company ahead of its planned IPO this year.
Airbnb’s U.S. Sales in September Rose 41%, Research Firm Says
The company's sales in the U.S. grew 41% in September, compared to the same period last year.
GGV Capital Aims to Raise $2 Billion for Funds Targeting China, U.S. and Southeast Asia
Despite the U.S.-China trade war, some U.S. institutional investors are considering money into the U.S.- and China-based fund.
CEO of Startup That Violated Airbnb Rules Steps Down After Investigation
The departure comes five weeks after an investigation by The Information, which revealed Domio’s practices of renting homes on Airbnb that flouted some cities’ rules.
Airbnb Turns Down Ackman, for Now
Instead, Airbnb plans to go forward with a traditional IPO.
Airbnb Files to Go Public
The review process could take a couple months, which suggests Airbnb may not go public until the end of November.