Airbnb aims for $35 billion valuation in long-awaited IPO

(Reuters) – Airbnb Inc said on Tuesday it is aiming for a valuation of up to $34.8 billion in its initial public offering (IPO), in what would cap a stunning recovery in its fortunes after the U.S. home rental firm’s business was heavily damaged by the COVID-19 pandemic earlier this year.

FILE PHOTO: The Airbnb logo is seen on a little mini pyramid under the glass Pyramid of the Louvre museum in Paris, France, March 12, 2019. REUTERS/Charles Platiau/File Photo

In a regulatory filing, Airbnb set a target price range of between $44 and $50 apiece to sell 51.9 million shares, which would pull in $2.6 billion. Airbnb could end up selling $2.85 billion at the upper end of the range.

Of the shares being sold, Airbnb founders Brian Chesky, Joe Gebbia and Nathan Blecharczyk will together sell nearly $100 million worth of shares in the IPO launch.

Airbnb struggled

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WSGF – Vacaychella Analyst Report on New Short-Term Rental Tech Biz Coming Next Tuesday Prior to Airbnb IPO

The MarketWatch News Department was not involved in the creation of this content.

Dallas, Texas, Dec 01, 2020 (Newsfile Corp via COMTEX) —
Dallas, Texas–(Newsfile Corp. – December 1, 2020) – World Series of Golf, Inc. (OTC Pink: WSGF) (“WSGF”), in conjunction with its new sharing economy technology business focus serving the short-term rental market through its subsidiary, Vaycaychella, has engaged Goldman Small Cap Research to conduct ongoing analyst coverage. Goldman expects to issue an initial research report next week, on Tuesday, December 8th, 2020.

Barron’s reported today, “Airbnb is scheduled to price its initial public offering on Dec. 9 and trade Dec. 10, three people familiar with the situation said. The start-up is expected to trade on the Nasdaq Stock Market under the ticker ABNB. Morgan Stanley and Goldman Sachs are lead underwriters on the deal, according to Airbnb’s prospectus.”

Over the last three years, Vaycaychella has

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WSGF Engages Analyst Research Coverage In Conjunction With New Sharing Economy Tech Business Serving Airbnb, VRBO and Booking.com Market

DALLAS, Dec. 1, 2020 /PRNewswire/ — World Series of Golf, Inc. (USOTC: WSGF) (“WSGF”), in conjunction with its new sharing economy technology business focus serving the short-term rental market through its subsidiary, Vaycaychella, has engaged Goldman Small Cap Research to conduct ongoing analyst coverage. Goldman expects to issue an initial research report next week, on Tuesday, December 8th, 2020.

Over the last three years, Vaycaychella has built a business serving short-term vacation rental operators with financing to acquire and renovate real-estate properties as vacation destinations.  Vaycaychella’s current customer base currently spans Caribbean vacation destination clients from Mexico to Puerto Rico. Vaycaychella has provided over $1 million in acquisition and renovation financing secured by 10 premium beachfront houses with a combined estimated value of approximately $10 million. Vaycaychella last week announced adding a boutique hotel to its portfolio of vacation properties. 

Now Vaycaychella is scaling its business

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Airbnb Has a Good — But Not Necessarily Great — IPO Story to Sell Wall Street

Between the enthusiasm that markets have been showing both towards Internet growth plays and (more recently) towards companies seen as reopening plays, Airbnb should get a post-IPO valuation comfortably above the $18 billion valuation it received in an April funding round, and perhaps also above the $31 billion valuation it got in a 2017 funding round.

But a little bit like Uber (UBER) ahead of its 2019 IPO, Airbnb’s story is pretty complicated, featuring several things to be encouraged by but also a few things to be concerned about.

Key positives for Airbnb’s story:

  1. The company was seeing strong double-digit growth before COVID hit. Revenue was 32% in 2019 to $4.81 billion, while gross booking value (GBV – the total value of bookings on Airbnb’s platform, minus cancellations and alterations) rose 29% to $37.96 billion. (source: Airbnb’s IPO prospectus)
  2. Though Airbnb is still seeing revenue/bookings declines, demand has improved a
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Airbnb Begins $1 Billion U.S. IPO Effort

Airbnb (ABNB) intends to raise $1 billion in an IPO of its Class A common stock, according to an S-1 registration statement.

San Francisco, California-based Airbnb was founded to develop a two-sided marketplace between property hosts and consumer guests to provide lodging and related services on a temporary basis worldwide.

Management is headed by co-founder, CEO and Head of Community Brian Chesky, who previously earned a Bachelor of Fine Arts in Industrial Design from the Rhode Island School of Design.

Below is a brief overview video of Airbnb:

Source: Airbnb

The website aggregates supply and demand globally, provides hosts with pricing tools, scheduling capabilities, insurance coverages, and payment facilitation services.

Airbnb has received at least $3.98 billion from investors including Sequoia Capital, Founders Fund, Silver Lake, Sixth Street, DST Global, Greystar Real Estate, and Accel.

The firm seeks to obtain new hosts as they are the core of supply providers

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Airbnb IPO Prospectus Says Future Success Means Adapting to Cryptocurrencies

The giant online rental marketplace based in San Francisco, Airbnb is considering supporting cryptocurrencies and blockchain technology. The news stems from the company’s initial public offering (IPO) prospectus with the U.S. Securities and Exchange Commission (SEC). Airbnb’s filing notes that future success will be dependent on adapting to new technologies such as tokenization and cryptocurrencies.

  • The travel industry has been one of the hardest-hit sectors in the economy after the coronavirus outbreak shook the world. In a recent filing with the SEC, Airbnb has filed a prospectus on November 16 seeking a $1 billion initial public offering (IPO) in the United States.
  • Within the pages of the Airbnb prospectus, the company mentions considering technologies like blockchain, cryptocurrencies, artificial intelligence (AI), and the “ability to integrate new or emerging payment methods.”
  • In 2014, Airbnb representative Brian Chesky asked his followers on Twitter if Airbnb should accept bitcoin. A great number of
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Why Airbnb is going public amid the coronavirus pandemic

  • Airbnb has filed to go public, even though the pandemic caused some major financial troubles at the company, leading it to take out two high-interest rate loans and lay off a quarter of the staff.
  • By going public now, the company can raise money to pay off the loans without having to pay an additional $1 billion in interest over five years.
  • Employees will also be able to sell off some of their equity, raising employee morale during a tough year with unprecedented layoffs. 
  • The company also outperformed hotel-centric competitors like Bookings.com and Expedia, differentiating itself during a tough year for travel.
  • Visit Business Insider’s homepage for more stories.

Airbnb finally filed for its much-anticipated IPO on Monday, the most concrete move it has taken towards going public in a tumultuous year for the home-sharing and hospitality giant.

Airbnb’s September 2019 announcement of its intention to go public was made

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The people that benefit most when Airbnb goes public

  • Airbnb is finally going public.
  • The company’s S-1 filing did not name all of the investors who have bought shares in Airbnb over the years, as it raised more than $6 billion in funding, but it revealed who the biggest shareholders are.
  • We’ve calculated the value of their stakes based on a price of $34.88 a share.
  • Visit Business Insider’s homepage for more stories.

Airbnb has dropped the paperwork for its initial public offering, and it’s ripe with juicy details that a startup doesn’t have to disclose but a public company does, such as which investors own the largest stakes.

As is typical these days, Airbnb is using a two-tier structure where it sells Class A shares to the public, with each of those shares offering one vote per share; and it has Class B shares — which are owned only by its founders, execs and key investors — that

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Airbnb files for IPO with future of travel uncertain; Expedia Group listed as competitor in prospectus

From Airbnb’s IPO filing: Brian Chesky and Joe Gebbia, Airbnb’s co-founders.

Airbnb officially filed for an IPO and revealed its finances for the first time on Monday.

The company’s IPO prospectus shows $2.5 billion in revenue through the first nine months of 2020, down 32% year-over-year, with a net loss of nearly $700 million, growing from $322 million in the year-ago period.

Airbnb’s gross monthly bookings fell by 72% in April, a low for 2020, and have recovered through this year but are still trending down compared to 2019. The company did post net income of $219 million in the third quarter.

It’s been a roller coaster year for Airbnb and others including Seattle-based Expedia Group as the pandemic crushes the travel industry amid various restrictions and mandates. Airbnb laid off 25% of its 7,500-person workforce, slashed marketing expenses, and raised $2 billion in debt financing to weather the COVID-19

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Airbnb files for IPO, shows it can actually make a profit

Airbnb has filed paperwork for its initial public offering that shows, unlike other tech unicorns, it’s been profitable in several quarters over the last couple of years. The revelation was included in the short-term rental company’s 250-page filing with the US Securities and Exchange Commission on Monday.



a screen shot of a man: Airbnb CEO Brian Chesky at a company event in 2018. James Martin/CNET


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Airbnb CEO Brian Chesky at a company event in 2018. James Martin/CNET

During the third quarter of this year, Airbnb made $219 million in profit on revenue of $1.34 billion. Despite the positive outlook, those numbers are down nearly 19% from the same time last year when it reported $227 million in profit on revenue of $1.65 billion. The third quarter is the only quarter Airbnb made a profit so far this year. 

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The company said the reason for this is largely due to the hit it took as the novel coronavirus pandemic has ravaged travel destinations

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