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Wall Street analysts assess Airbnb four weeks after IPO
Reading Time: 3 minutesUS: Wall Street analysts are offering their opinions on Airbnb, almost a month after the company’s high profile IPO. Canaccord Genuity was among the most bullish of the analysts, giving Airbnb a buy rating and a price target of $175. “We expect Airbnb’s scale and platform advantages to cement an early lead in supply liquidity […]
Alloggio looks to float on Australian Stock Exchange
Reading Time: < 1 minuteAustralia: Property manager Alloggio has closed a pre-IPO funding round, ahead of an intended float in late 2021. Alloggio – which is Italian for accommodation – is expected to be valued at around $50 million. Founded in 2015, the company sits between platforms like Airbnb and its property owner customers, handling payments, communication with guests […]
Airbnb share price is “more than stretched” says Wall Street analyst
Reading Time: < 1 minuteUS: Airbnb shares fell on Monday after Wall Street analysts warned that first-day trading surges resulted in a “precarious” market valuation. Airbnb’s valuation is “more than stretched” when compared with other travel peers, research firm Gordon Haskett said in a note downgrading the stock to underperform from buy. Airbnb shares soared 113 per cent on […]
Airbnb valuation skyrockets to $100bn amid IPO “bonanza”
Reading Time: 5 minutesUS: After much speculation and anticipation, Airbnb has achieved an eye-watering post-initial public offering [IPO] valuation of circa US$100 billion, marking a huge rise from the $47 billion at the IPO offering price and the $42 billion figure that was initially forecasted earlier this week. The home-sharing platform is raising around $3.5 billion in the process, and shares in […]
Airbnb valuation skyrockets to $100bn amid IPO “bonanza”
Reading Time: 5 minutesUS: After much speculation and anticipation, Airbnb has achieved an eye-watering post-initial public offering [IPO] valuation of circa US$100 billion, marking a huge rise from the $47 billion at the IPO offering price and the $42 billion figure that was initially forecasted earlier this week. The home-sharing platform is raising around $3.5 billion in the […]
IHM to dissect Airbnb IPO on bonus webinar
Reading Time: 2 minutesUS: International Hospitality Media [IHM], the publisher of ShortTermRentalz, has confirmed that it will be holding a bonus webinar on Friday 11 December [2pm GMT] to dissect Airbnb’s IPO and its impact on the global hospitality space. The session, entitled “Airbnb IPO – what does it mean for hospitality”, is scheduled to take place just […]
Airbnb aiming for $42bn valuation in bumper Thursday IPO
Reading Time: 2 minutesUS: Airbnb is planning to increase the price range of its upcoming IPO [initial public offering] scheduled for this Thursday 10 December, which could push the company’s post-offering valuation up to as much as $42 billion. The home-sharing platform is set to boost the range from $44-$50 up to $56-$60 per share, while selling up […]
Airbnb hopes to raise $2.5bn in mid-December IPO
Reading Time: 2 minutesUS: Airbnb has disclosed that it is seeking to raise up to $2.5 billion in its upcoming initial public offering [IPO]. In addition, the platform is targeting a higher-than-initially-expected valuation range of $30 billion – $33 billion and is on course for a listing on the public markets by mid-December. The price range of the float […]
FCA probes Airbnb over financial crime controls
Reading Time: 2 minutesUK: UK regulator and City watchdog, The Financial Conduct Authority [ FCA ], has been investigating Airbnb’s money-laundering and counter-terrorist financing controls, it was revealed in the platform’s S-1 filing last week for a projected initial public offering [ IPO ] next month. The FCA scrutinised Airbnb over concerns that the UK division’s safeguarding controls […]
Airbnb files for long-awaited IPO
Reading Time: 2 minutesUS: Following years of speculation and anticipation, Airbnb has submitted the necessary documents for its initial public offering [ IPO ], which is scheduled to take place in December and raise up to $3 billion for the global home-sharing platform. The filings also laid bare the scale of the financial impact caused by the Covid-19 […]