after layoff, is there any change for airbnb valuation? would it be possible to ipo next year? #airbnb
Airbnb has been steadily rehiring people from that layoff and seems to be recovering. Go try to book an airbnb nearby, they're all booked up. Valuation will need long-term data, but if I were to bet I would bet above their rock bottom that was last quarter. They 100% have to IPO next year due to RSU expiration for early employees & shareholders. No way around it.
Are you saying it is absolutely impossible to renew expired RSU? And that's why they need to IPO. That seems rather difficult to believe that RSUs are impossible to renew after 7 years. But Im not familiar with financial regulation, so maybe it's impossible.
Yes they are impossible to renew without triggering a taxable event on all outstanding shares which would financially ruin many many people
Until leadership changes its going to get worse before it gets better
Why do you say so?
Likely will ipo before end of this year
I would not buy any Airbnb stocks now.
Based on the last round, the valuation is cut in half. To IPO, the company should show 2-3 strong quarters. It's gonna be tough for Airbnb now, as travel industry will continue to be bad for a while Though the fundamental issue with Airbnb is that they are way too big. 7.5k employee, really?? 1000 designers??? If they were a 10b company with fewer people, they wouldn't have any issue. It was like they were aiming for global total domination or something. Too much ambition fails sometimes.
Actually Airbnb is doing very well right now https://fortune.com/2020/06/30/airbnbceo-brian-chesky-bookings-rentals-recovery-2020-ipo-coronavirus-pandemic/
Actually our business is almost back to pre-pandemic levels, and we cut 27% of employees