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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.
Says who?
If there is no vaccine, there is no chance any of such activities going to happen without consequences.
Earlier quoted context omitted.
> 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.
Brave decision indeed.
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.
Could they be running out of cash, and given COVID-19 is not dying down in the U.S., could the investors are forcing a cash-out? In this case most of the employees will be wiped out right?
If an IPOd company went immediately bankrupt or otherwise laid off all employees (and presumably ceased operating) the new shareholders would be suing (for securities fraud, it not being clear how at risk the company was, or they wouldn't have invested, etc.) and regulators would probably have serious questions for the bank(s) auditing/DDing/valuing prior to listing.
(IANAL/anything relevant, take your salt, etc.)
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…
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.
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…
I'd say you nailed it on the head. Because aside from this, it's pretty terrible timing for an industry that's been killed by the virus and won't rebound until it's long over.