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Airbnb path to IPO in doubt following $322m net losses
Reading Time: 2 minutesUS: Airbnb’s plans to go public with an initial public offering [IPO] this year have hit a sticky patch after the company posted net losses of $322 million in the nine-month period leading up to September 2019 after making a $200 million profit a year earlier. The losses were reported by the Wall Street Journal […]
Airbnb pledges pre-IPO commitment to stakeholders
Reading Time: < 1 minuteUS: Airbnb has announced its intention to publish annual reports for its stakeholders in addition to financial reports, after stating its commitment to creating positive good as part of its mission to be a successful business. These will serve as an internal judgement to how Airbnb identifies what it believes to be its three major […]
Airbnb COO Johnson steps down to join board
Reading Time: < 1 minuteUS: Airbnb COO Belinda Johnson has announced she is stepping down from her role in March 2020, when she will then join the company’s board. The news comes in the middle of a turbulent period for Airbnb as it prepares to go public at some point early next year. In her departure statement, she cited […]
Airbnb gearing up for reported direct listing over IPO
Reading Time: 2 minutesUS: Airbnb is reportedly gearing up for a direct listing rather than an initial public offering [IPO], sources revealed to Bloomberg. According to those same sources, it is believed that the short-term rental firm is set to hire Morgan Stanley and Goldman Sachs as joint lead advisers to its potential stock market flotation. While an […]
Airbnb sets 2020 as target for initial public offering
Reading Time: 2 minutesUS: Airbnb, the world’s largest broker of private lodging for tourists, has announced in a brief statement that it expects to become a public trading company in 2020. The home-sharing firm, which claims to have seven million listings in over 100,000 cities on its platform, had looked set to go in for an initial public […]
Tujia exceeds 1.4m global listings ahead of IPO
Reading Time: 2 minutesChina: Chinese home-sharing platform Tujia has announced it has exceeded 1.4 million global listings and expects to break even in the second half of this year, according to 36Kr. The news comes as it is being rumoured that Tujia will go in for an initial public offering, perhaps as early as this year. The company, […]
Airbnb achieves profitability for second year in a row
Reading Time: 2 minutesUS: Airbnb, which is set to go public this year, said it was profitable on an EBITDA basis for the second consecutive year in 2018. In Q3 2018, Airbnb said it had its strongest quarter ever, where it saw “substantially more” than $1 billion in revenue. The following quarter, Airbnb found a replacement for former […]
Airbnb names Amazon’s Dave Stephenson as its chief financial officer
Reading Time: 2 minutesWorldwide: Airbnb has ended its 10-month search for a new chief financial officer after it named Amazon finance executive Dave Stephenson in the position. Stephenson, a long-time executive at Amazon, was responsible for overseeing the finances of the company’s worldwide consumer business. He is now expected to take up the role of leading Airbnb’s potential […]
Vacasa moves into Portland headquarters in preparation for IPO
Reading Time: 2 minutesPortland: Vacasa has moved into its recently-built 61,000-square-foot headquarters in Portland’s Pearl District, in preparation for a potential initial public offering (IPO). The Portland headquarters will represent a showcase office for the vacation rental management company, which is headed by Vacasa chief executive, Eric Breon. Anticipating a surge in growth, Vacasa retained a lease on […]