Airbnb may still IPO amid losses

Despite a brutal few months, Airbnb is still preparing to potentially go public before the end of the year. Airbnb’s revenue fell by a reported 67 percent in the second quarter, as the startup weathered the fallout from a halt in global travel.

Scoop: We got ahold of Airbnb’s financials for the first half of the year. Shows how covid as impacted their business

FB lost 50% of valuation post IPO with uncertainties around transitioning to mobile. It's all changed now! AirBnB is going through a similar transition with the current situation. But on 8 July, it booked 1m nights in a single day! It's a fantastic long-term bet and a huge inspiration for us. https://lnkd.in/gwqZBfs #traveltechnology #airbnb #travel #ipo

Airbnb was supposed to be the hottest public offering of 2020. Instead, the home-sharing giant just cut 25% of its workforce and expects revenue to be less than half of what it was in 2019 - but it seems like nothing is stopping its IPO attempt #airbnb #digital

Couldn't be prouder of the colleagues who remain to take the little blowup-mattress-renting-firm-that-could over the line. Shareholder and, more importantly, airfam routing you on from the sidelines... <3

Despite a moribund performance with losses outshining a robust revenue model, Airbnb remains a 'dark horse' in the sharing economy with a hyphenated stock market most likely supporting the 'cause'. A possible listing by the year end implies three factors should reckon investors' attention: 1. plausibility of vaccine overturning the pandemic story (think Sputnik-V as a starter); 2. potential 'Biden-party' on the wall-street (think Kamala Harris); and 3. despite muted air travel for leisure, the rising demand for staycations (idiosyncratic though). Together put, current valuation at $18 billion appears to be too conservative to remain allusive - SWFs are hopefully listening!

This is brilliant - markets don’t care about margin right now - they care about market share - and they’re WAY over paying for everything - so taking it public in 2020 will yield them allot more capital pre market trading (and executive incentives) than if they wait to go out post election when the markets might react negatively.

Scoop with Corrie Driebusch & Maureen Farrell: Airbnb is back on track to go public after the pandemic upended the home-sharing giant’s business and IPO plans. https://lnkd.in/ep6Cg_b