FILE PHOTO: The logo of Airbnb is to be displayed at an Airbnb event in Tokyo, Japan on the 14th of June, 2018. (REUTERS photo/Issei Kato/File Photo
(Reuters) – the rental giant Airbnb said it was going to be all of the shares in the year 2020, making it one of the most talked about names to put on the show for next year. (a little bit.m/2mqasWw)
In a brief statement posted on its website on Thursday, Airbnb did not give any details about how the plan is to make a list of the shares, although it is widely expected to be a direct entry route.
In a direct offering to the public at large, it is a process in which there will be no new shares will be created and will help the companies to save millions of dollars in underwriting fees.
This year, the fair was the debut of several high-profile companies including Uber and Lyft Inc. but their stock did so poorly after its launch, in the midst of investor skepticism, on the road to profitability.
WeWork, the owner of The Company, has delayed its initial public offering, and running away from the preparations for the opening of the month, after a weak response from the investors.
The Experts have been saying Airbnb are allowed to receive a warmer reception from investors, as in the beginning, due to the fact that the finances look to be more stable than the latest internet-unicorns that are in the public domain.
“I think it’s a very different reception for Airbnb, on the assumption that they will be able to see that they have a profitable business without losing any money on marketing,” said Kathleen Smith, principal at Renaissance Capital, a provider of institutional research, and the IPO etf’s.
Airbnb has not given any details about whether or not it was profitable in the second quarter of 2019, but it has been said that its earnings before interest, tax, depreciation and amortisation were positive for the 2017 or 2018.
On Wednesday, the company said it raked in more than $1 billion in revenue for the second quarter of the year.
Reporting by Anirban Sen; Editing by shailesh Kuber and Anil D’silva