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Literally google “Airbnb direct listing” and you can see top analysts talking about it for years. Just like they said Spotify would do a direct listing and then
by mrgordon 7y ago
Literally google “Airbnb direct listing” and you can see top analysts talking about it for years. Just like they said Spotify would do a direct listing and then they did. Just like they said Slack would do a direct listing and then they did.
Airbnb is actually profitable (at least EBITDA) unlike these other companies and hasn’t raised a major round in a while since they don’t need capital. This makes them a much better direct listing candidate than those previous companies.
It was widely reported they met with Morgan Stanley about a direct listing and Morgan Stanley is considered the expert in the field since they managed the last few.
How is Reuters for a source? If you prefer something else it has been covered by the vast majority of the financial press. https://www.reuters.com/article/us-airbnb-ipo/airbnb-plans-public-listing-in-2020-idUSKBN1W41Z7 https://www.reuters.com/article/us-airbnb-ipo/airbnb-plans-p...
“In a short statement posted on its website on Thursday, Airbnb did not give any details on how it plans to list its shares, although it is widely expected to take a direct-listing route.
A direct listing to go public is a process in which no new shares are created and helps companies save millions of dollars in underwriting fees.”
So why can’t I know what is widely reported to media by company insiders and has been for years?