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Airbnb Announces Intention to Become a Publicly-Traded Company During 2020

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Re: Airbnb Announces Intention to Become a Publicly-Traded Company During 2020

#101

Post by travisjungroth »

michalu wrote: post #49
travisjungroth wrote: post #47

Earlier quoted context omitted.

> I'm probably missing something, but I think the company is going down and they're pulling an exit scam. Your concerns about the future of the company are reasonable, but to call a profitable company going public an “exit scam” is ridiculous.

I don't think it's ridiculous statement considering their profits are rather fragile as that's before regulation and the size of the last years earnings equals about half the current valuation by NASDAQ's median P/E.

“profits are rather fragile” != “exit scam”. I think you just don’t know what this term means. An exit scam is where an established business keeps taking orders, but stops delivering product and pockets the difference. It’s also sometimes used (especially in cryptocurrency) when someone takes all the held funds and runs off. Do you really believe Airbnb’s IPO meets either of these criteria? They’re going to keep delivering services, and I really doubt the founders are going to empty the bank accounts and run off.

Re: Airbnb Announces Intention to Become a Publicly-Traded Company During 2020

#103

Post by scarejunba »

Tushon wrote: post #22
enos_feedler wrote: post #20

Earlier quoted context omitted.

Recession?

There are a non-trivial number of signs of a recession coming up this winter/2020. E.g. https://www.cnbc.com/2019/09/02/heres-a-list-of-recession-si...

The current SPY Puts for 240 expiring Dec 2021 are $12.30. How many did you buy?

Re: Airbnb Announces Intention to Become a Publicly-Traded Company During 2020

#104

Post by weberc2 »

jeffwass wrote: post #87
FreeHugs wrote: post #70

I am a big time traveler. When AirBnB appeared on the scene, it was a life changing event for me. So much better then hotels. Since then, AirBnB have not added anything that benefits me. But booking.com have catched up massively. To the point that I prefer booking.com again these days. I would have never expected that to happen. Some of my pet peeves with AirBnB: AirBnB's reviews are not chronological. So you have to…

> I am a big time traveler. Awesome example of a major semantic difference depending where you place a hyphen.

Yeah, I had to reread that several times.

Re: Airbnb Announces Intention to Become a Publicly-Traded Company During 2020

#105

Post by rainyMammoth »

I used to only use Airbnbs a couple years ago.

Lately the service really became horrible: Last minute cancellation, soulless places run like an industry. prices on the same level or even more expensive than hotels. Customer support is also completely unresponsive.

I'm now going back to hotels 90% of the times where I can expect a consistent quality of services.

They grew too fast and got arrogant in the process. I hope they quietly go away and get replaced by a company that does this correctly. I heard only good things about HomeAway lately

Re: Airbnb Announces Intention to Become a Publicly-Traded Company During 2020

#106

Post by mbesto »

theflyinghorse wrote: post #51
mbesto wrote: post #43

Earlier quoted context omitted.

1) Impending recession 2) Not enough IPOs so lots of investor interest to deploy capital into something ( (thus driving up the price, making it more attractive for startups) 3) We're near the end of a 7~10 year cycle where lots of private VC capital was deployed and needs to be returned 4) 500 private investor maximum SEC rule

Could you elaborate a bit on the cycle part. Why is it a cycle at all assuming money gets invested all the time instead of once-a-x-years?

When a VC raises a fund, they usually try to return the money in 7~10 years after they start deploying the capital to startups. In other words, they want to exit their position no later than 10 years and usually shoot for 5~7.

Re: Airbnb Announces Intention to Become a Publicly-Traded Company During 2020

#107

Post by nicksantamaria »

oarabbus_ wrote: post #99
mbesto wrote: post #43

Earlier quoted context omitted.

1) Impending recession 2) Not enough IPOs so lots of investor interest to deploy capital into something ( (thus driving up the price, making it more attractive for startups) 3) We're near the end of a 7~10 year cycle where lots of private VC capital was deployed and needs to be returned 4) 500 private investor maximum SEC rule

>1) Impending recession Eh I have heard this for the last 5 years

At least now there’s a bond yield inversion to give the prediction some substance.

Re: Airbnb Announces Intention to Become a Publicly-Traded Company During 2020

#108

Post by mbesto »

oarabbus_ wrote: post #99
mbesto wrote: post #43

Earlier quoted context omitted.

1) Impending recession 2) Not enough IPOs so lots of investor interest to deploy capital into something ( (thus driving up the price, making it more attractive for startups) 3) We're near the end of a 7~10 year cycle where lots of private VC capital was deployed and needs to be returned 4) 500 private investor maximum SEC rule

>1) Impending recession Eh I have heard this for the last 5 years

Look, say what you want, but nearly everyone in the finance community (public equities, private equity, etc) knows this is coming. You're right, it's impossible to know when exactly, but there's hardly any doubt it's coming soonTM.

Re: Airbnb Announces Intention to Become a Publicly-Traded Company During 2020

#109

Post by refurb »

sudo-i wrote: post #5

I announce my intention that I will announce my intention in 2020.

IPO are basically a big-ass roadshow - you need to drum up excitement with institutional investors so they start salivating at the possible money they can make.

This does seem early, but I’m sure there is some rationale to stay on the big bank’s radar screens and have them knocking down Airbnb’s door to be the lead bank on this deal.

I’m sure someone from investment banking will be along to add some color.

Re: Airbnb Announces Intention to Become a Publicly-Traded Company During 2020

#110

Post by baby »

I really really love Airbnb, and I've mostly stayed at Airbnb and ignored hotel in the last 5 years perhaps. I now find hotels dirty, impersonal, and a chore to stay at to be honest.

Now, I've become increasingly irritated by Airbnb's pricing tactics. They are blatantly lying to you when it comes to how much you're going to pay.

I have two recent examples if you are not used to booking Airbnb:

* 99$/night room end up being 159$ for a night [1]

* 150$/night room end up being 500$ for two nights [2]

And these are not exceptions, but pretty much the norm nowadays. The final prices are ALWAYS way higher than what you would expect.

[1]: https://twitter.com/cryptodavidw/status/1173775045606301696

[2]: https://twitter.com/cryptodavidw/status/1159574818661867520

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