Andrea Lauren: The IPO storm: how the global Covid-19 crisis has helped primary capital markets
Brian Chesky in a suit on the front page of the Financial Times: yes, it’s here, the long-awaited, then postponed and now re-announced Airbnb IPO on NASDAQ, at a share price of U$ 68. Through this emission, the company will receive U$ 3.4 billion, giving the company a total market cap of U$ 40.6 billion. Seven percent of shares will be allocated to the hosts who rent their apartments, rooms, villas and wigwams through Airbnb. That’s of course a smart move that will ensure their loyalty to the platform and a stable selection of accommodations for guests.