Travel Will Airbnb succeed in its IPO?

13:45  26 august  2020
13:45  26 august  2020 Source:   pressfrom.com

Airbnb is recovering: more bookings than a year ago

 Airbnb is recovering: more bookings than a year ago © Tero Vesalainen / Shutterstock Airbnb is booking more trips again. After the corona-related restrictions are relaxed worldwide, people want to travel again. Airbnb is experiencing a real boom in domestic travel. After Airbnb experienced a slump in sales in February and March, booking figures are now increasing again. Between mid-March and early June, there were even more bookings in the U.S. than in the same period a year earlier, Airbnb CEO Brian Chesky told the Los Angeles Times .

SAN FRANCISCO — Airbnb has resumed its efforts to go public , despite significant damage to the home rental business caused by the coronavirus pandemic, Airbnb ’s chief executive, Brian Chesky, told employees Wednesday. The San Francisco company, once valued by investors at billion

Another overhyped unicorn, WeWork, canceled its IPO plans after significant concerns from investors about the company’s business model and corporate governance. Airbnb CEO Chesky recently said that WeWork’s failure taught him two lessons—the importance of profit margins and reputation.

Airbnb va-t-elle réussir son introduction en Bourse ? © TeroVesalainen / Pixabay Will Airbnb succeed in its IPO? Valuation at half mast against a backdrop of a collapse in global tourism, risk of a second wave of coronavirus ... While Airbnb is in the process of going public, will the peer-to-peer rental platform be acclaimed by equity investors?

Like Orange Africa, Lamborghini and Deliveroo, Airbnb is one of the most anticipated IPOs by equity investors. The marketing of this unicorn (unlisted start-up worth more than a billion dollars) from California has been a sea serpent for many years ... However, the platform for rental accommodation between individuals is struggling this year, against a backdrop of massive fallout from the health and economic crisis (which is weighing down global tourism ) and bad buzz linked to of many cases.

Affected by the health crisis, Airbnb increasingly constrained by justice

 Affected by the health crisis, Airbnb increasingly constrained by justice © Lionel BONAVENTURE Airbnb, which is also suffering the aftermath of the health crisis, could see validated by European justice the regulations imposed by the City of Paris Prosecuted for unfair competition by French hoteliers and recently found co-responsible for the illegal activities of its users, Airbnb, which is also suffering the aftermath of the health crisis, could see validated by European justice the regulations imposed on it by the City of Paris.

Airbnb has over 100 lawyers working round the clock to defend its interests around the U.S. ahead of its IPO expected later in 2020. “ Airbnb will be fighting regulatory brush fires across the world for the next decade,” said Aswath Damodaran, a professor at New York University’s Stern School of Business.

How will Airbnb meet it ' s end? Will it be in 2020? Will it be next month? Will they make it to IPO ? They just did a complete 180 on one of their core

In May, founder Brian Chesky resolved to part with one in four of the group's 7,500 employees. “We are collectively going through the most painful crisis of our life,” he lamented. Airbnb has also “revised its plans to develop in other sectors, reducing its investments in hotels and suspending its transport projects”, underlines Antoine Fraysse-Soulier, head of market analysis at the broker eToro.

>> To read also - The 10 most popular departments by the French on Airbnb

Despite headwinds and a valuation divided by 2 (according to estimates relayed by the Financial Times) in one year, to “only” $ 18 billion, Airbnb officially launched the procedure for an IPO on Wall Street, but without disclosing any financial information, or specifying how many shares would be put on the market! Airbnb should achieve a turnover of 2.2 billion dollars in 2020, against 4.8 billion in 2019. The group has, however, “realized the strategic shift to be adopted to restart the activity, by focusing on its core business: rental between individuals . There is therefore no longer any question in the short term of diversifying by targeting the transport sector or hotels as discussed, ”underlines eToro.

Holidays in France: the 3 major summer trends according to Airbnb

 Holidays in France: the 3 major summer trends according to Airbnb Coronavirus obliges, summer vacations will not be like the others this year. The Airbnb accommodation rental platform reveals the major tourism trends in France that emerge during this summer period ... a bit special. © iStock Travelers on vacation in France this summer. This summer, the holidays of the French are upset by the coronavirus. Only 44% will afford a trip, 71% of these holidaymakers having chosen France as their destination *.

But Airbnb would like to go public this year anyway. And on Wednesday, the company confidentially filed its IPO papers with the SEC. Airbnb executives, employees, and investors are ready for their big liquidity event, and they’re betting that public market investors will want in, despite the recent troubles.

Airbnb 's IPO plan: are they ready? Everyone has been waiting for the initial public offering of Airbnb , one of the hottest Silicon Valley tech unicorns since 2017. So, when can you expect an Airbnb IPO date? The company clearly has more acquisitions in mind to further support its strong position before

>> Find here all the points on the trading session

From June, Airbnb took advantage of the restart of short stays and close to customers' homes, in particular in France , one of its main markets in the world. However, “a strong comeback of the coronavirus pandemic and mistrust of both owners and tenants despite the health standards that Airbnb has established risk thwarting the rebound in activity that began three months ago”, warns Antoine Fraysse-Soulier.

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  Airbnb va-t-elle réussir son introduction en Bourse ? © Provided by Capital Getty Images

Airbnb: the EU agrees with the French law which imposes more regulation .
Small victory for the mayor of Paris ... The Court of Justice of the European Union (CJEU) has validated the French regulations which require authorization the rental of apartments for short periods on platforms such as Airbnb, in a dispute between two owners and the City of Paris.

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