How Airbnb got its IPO plans back on track

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After the coronavirus hit the U.S., the home-sharing platform initially pulled back its ambition to go public, but it managed to file IPO paperwork with the SEC this August. It’s been a roller-coaster year for Airbnb and its much-anticipated plans for an initial public offering or IPO. The home-sharing platform had planned to file back in March to go public, but then coronavirus hit and its revenue nose-dived . Read Full Story

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‘Travel is coming back,’ says Airbnb, as it beats revenue estimates in first earnings

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Despite travel grinding to a halt last year, Airbnb says its revenue for the fourth quarter was down only 22% compared to the same period in 2019. In its first earnings report as a publicly traded company , Airbnb delivered a hopeful forecast for the coronavirus-battered travel industry, expressing optimism that people’s appetite for new destinations will grow this year as vaccines begin to finally make a dent in the pandemic. Read Full Story

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Best advice for tech companies going public: Keep the startup energy alive

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As Airbnb, DoorDash, Robinhood, and other tech startups head to IPO, the CEO of Okta offers 4 insights from going public 3 years ago. Despite COVID-19 slowing global IPO activity earlier this year, tech IPO season is back this fall and in full swing. Companies like Airbnb and Robinhood have made headlines recently as some of the most anticipated IPOs of 2020, and Snowflake, Asana, and Palantir just made their debut on the public market. Sometimes it feels like just yesterday that my cofounder Frederic Kerrest and I were preparing for Okta’s IPO, and all of this talk about going public resurfaced memories of that time back in 2017. Read Full Story

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Why are there so many IPOs during a pandemic? Here are 4 reasons

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As usual, Wall Street is finding a way to make it rain green. It’s a big month for IPOs: Airbnb and DoorDash are both going public this week, and online video game company Roblox and fintech Affirm are set to follow. DoorDash sold shares at $102 (above estimates), and then closed its first day of trading at $189. How is this happening in a country gripped by a coronavirus pandemic and high unemployment? In the topsy-turvy logic of the stock market, financial wins are possible. Here are a few reasons why: Read Full Story

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