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Airbnb Plans to File Confidentially for IPO in August

wsj.com

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Re: Airbnb Plans to File Confidentially for IPO in August

#11

Post by personlurking »

thehoff wrote: post #10
Judgmentality wrote: post #2

Didn't AirBnB just take out a huge loan on less-than-stellar terms? https://techcrunch.com/2020/04/15/airbnb-ups-its-debt-by-1bn... Not to mention how the company is getting hammered by the coronavirus, in addition to having to face the reality of having used shady tactics to prop up positive reviews over the years. https://www.vice.com/en_us/article/43k7z3/nationwide-fake-ho... This sounds like they're trying to cas…

Is it getting hammered though? Genuine question. Anecdata: Reason I ask is that we did a trip a few weeks ago and for us, hotels were out of the question. Never used Airbnb before but did this time to get smaller places to ourselves. As I was looking it was tough to get everything lined up as many places were booked up. Some really great looking places were practically booked up for the next several months. Wasn't su…

I recently checked Airdna stats for my (capital) city and it said Airbnb occupancy was down 80% since March, with an uptick since mid-May, leading it to be down 60% currently (meaning it improved by 20% from its -80% level).

Re: Airbnb Plans to File Confidentially for IPO in August

#12

Post by DeonPenny »

Eh maybe this is a good idea. Airline and hotel stocks have been up and people are planning for the end of COVID-19 by Jan. So by Jan they could of reached their old level's plus raised cash in a cash strapped world.

I doubt anyone believes airbnb is going to flop anytime soon.

Re: Airbnb Plans to File Confidentially for IPO in August

#13

Post by tempsy »

DeonPenny wrote: post #12

Eh maybe this is a good idea. Airline and hotel stocks have been up and people are planning for the end of COVID-19 by Jan. So by Jan they could of reached their old level's plus raised cash in a cash strapped world. I doubt anyone believes airbnb is going to flop anytime soon.

the double whammy is both travel market uncertainty plus regulatory action.

regulators are getting more serious - just look at Uber and Lyft in California. could easily see the same thing happen to STRs.

Re: Airbnb Plans to File Confidentially for IPO in August

#14

Post by ralusek »

DeonPenny wrote: post #12

Eh maybe this is a good idea. Airline and hotel stocks have been up and people are planning for the end of COVID-19 by Jan. So by Jan they could of reached their old level's plus raised cash in a cash strapped world. I doubt anyone believes airbnb is going to flop anytime soon.

could've

Re: Airbnb Plans to File Confidentially for IPO in August

#15

Post by tunesmith »

DeonPenny wrote: post #12

Eh maybe this is a good idea. Airline and hotel stocks have been up and people are planning for the end of COVID-19 by Jan. So by Jan they could of reached their old level's plus raised cash in a cash strapped world. I doubt anyone believes airbnb is going to flop anytime soon.

Who's planning for the end of COVID by January? That sounds a lot like how when everyone decided it was over in May.

I've heard some optimism about the end of 2021, maybe 2nd half of 2021 for rich countries, but not January.

Re: Airbnb Plans to File Confidentially for IPO in August

#17

Post by Denvercoder9 »

DeonPenny wrote: post #12

Eh maybe this is a good idea. Airline and hotel stocks have been up and people are planning for the end of COVID-19 by Jan. So by Jan they could of reached their old level's plus raised cash in a cash strapped world. I doubt anyone believes airbnb is going to flop anytime soon.

> people are planning for the end of COVID-19 by Jan

Unfortunately a virus doesn't care about people's plans.

Re: Airbnb Plans to File Confidentially for IPO in August

#18

Post by twblalock »

gopalv wrote: post #9
iliekcomputers wrote: post #3

I would have expected them to postpone for sure, given COVID. Does anyone have any ideas on why they didn't postpone? Could it just be them expecting that it'll get much worse?

> Does anyone have any ideas on why they didn't postpone? If Airbnb has handed 10 year expiring stock options to core employees, then they're right at the cusp of expiring this year. I would guess it doesn't affect anyone who opted for an 83B early on, but for those who held onto them without exercising them on the pennies might be very unhappy without a 2020 IPO. It feels like a different era now, but this was discu…

Couldn't they grant new options to the employees whose options expire?

An IPO seems like a pretty big hammer for that particular nail.

Re: Airbnb Plans to File Confidentially for IPO in August

#19

Post by Element_ »

thehoff wrote: post #10
Judgmentality wrote: post #2

Didn't AirBnB just take out a huge loan on less-than-stellar terms? https://techcrunch.com/2020/04/15/airbnb-ups-its-debt-by-1bn... Not to mention how the company is getting hammered by the coronavirus, in addition to having to face the reality of having used shady tactics to prop up positive reviews over the years. https://www.vice.com/en_us/article/43k7z3/nationwide-fake-ho... This sounds like they're trying to cas…

Is it getting hammered though? Genuine question. Anecdata: Reason I ask is that we did a trip a few weeks ago and for us, hotels were out of the question. Never used Airbnb before but did this time to get smaller places to ourselves. As I was looking it was tough to get everything lined up as many places were booked up. Some really great looking places were practically booked up for the next several months. Wasn't su…

From my observations bookings are healthy in recreational areas like Colorado, but still non-existent in urban city centers... not sure how that breaks down in terms of revenue for them.
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