Why Uber IPO was a flop but Airbnb IPO is blockbuster?

Apple
SourGrapee

Go to company page Apple

SourGrapee
Dec 10, 2020 14 Comments

Uber back in 2019 didn't have layoffs, there was no pandemic, they were valley favorites with possibility of 200B valuation on the trading day, but could only go high as 75B.

Whereas, with Airbnb being a smaller company, niche market with lot of competitors, broken business model due to pandemic, recent layoffs etc. had a monstrous IPO.

Discuss - Why?

TC: 350K

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TOP 14 Comments
  • Snap
    bobbymurph

    Go to company page Snap

    bobbymurph
    cuz uber ipo in 2019 but airbnb ipo in hottest ipo market of all time
    Dec 10, 2020 1
  • Amazon / Eng
    abijala

    Go to company page Amazon Eng

    abijala
    They should just go back to private and come back again, holaaaaa double/triple the valuation ๐Ÿ˜‚๐Ÿ˜‚
    Dec 10, 2020 2
  • Uber
    oHDX84

    Go to company page Uber

    oHDX84
    Uber ipod when there was a trade war going on. Airbnb ipod in the middle of a money blizzard
    Dec 10, 2020 0
  • Airbnb
    qkpv60

    Go to company page Airbnb

    qkpv60
    I was at both Uber and Airbnb and I think on top of it being better timing right now there are a few other reasons as well. Sentiment is much better for Airbnb, commentators say nice things, people have a good impression of the brand. Uber - people were hating on it and wanted it to fail, they were hating wework at the same time too. Lyft iPoed around same time as Uber whereas Airbnb doesnโ€™t have a directly comparable competitor. Airbnb also has a heroโ€™s journey with the pandemic, showing it could bounce back and that leadership would make the tough decisions (layoffs). Also Uber was just plain overvalued. They really screwed over employees with ipo where as Airbnb has tried to play it all right including letting employees sell a little bit this week
    Dec 11, 2020 2
    • Uber
      nicetrying

      Go to company page Uber

      nicetrying
      Airbnb screwed property owners big time in the beginning of the pandemic. But agree with most of your points.

      More important, the company is showing profitability while Uber showed no signs of getting out of billions of dollars in losses.
      Dec 11, 2020
    • Airbnb
      qkpv60

      Go to company page Airbnb

      qkpv60
      Agree on the profitability also. Iโ€™m not saying Airbnb has been completely ethical, Iโ€™m talking more about perception.
      Dec 11, 2020
  • Yea lmao looking at Airbnb S1. With a higher
    valuation its revenue is only one quarter of Uberโ€™s.
    Dec 10, 2020 1
    • New
      pandemic21

      New

      pandemic21
      Revenue is fake without profit. I can borrow 100b with 20% interest
      Dec 11, 2020