> When AirBnB finally does IPO, who will want to buy it? This is how the stock market works for IPOs of AirBnb's size: 1. Big financial institution client: "G

> When AirBnB finally does IPO, who will want to buy it? This is how the stock market works for IPOs of AirBnb's size: 1. Big financial institution client: "Get me higher return, maybe buy more of those cool tech stocks everyone is raving about. Can you buy the next FB?" 2. Big financial institution: "Sure thing, we got this AirBnB company coming up and it's supposed to be big, we're talking 50% YoY growth. On the other hand, we've got these 100-year-old blue chip companies growing at 4.5% every year that we can park your money. we also have prospectus on a new diet pill company that should show 10% increase YoY based on our analsysis. what say you?" 3. client: "give me that AirBnB one, I don't want to miss out on the action!" 4. institution: "you're the boss, talking with AirBnb's underwriter as we speak"