Airbnb has restarted internal conversations about going public in 2020, something unthinkable just a month ago (via axios)
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Airbnb is talking about the possibility of going public in 2020, a decision that was out of the question until recently.Airbnb's CEO recently said the company has seen more bookings — and longer stays — from May 17 and June 3 compared to that time period last year.Airbnb has restarted internal conversations about going public in 2020, something unthinkable just a month ago, per multiple sources close to the company.
Not only are established, profitable companies like Warner Music Group finding success, but so are money-losing, VC-backed tech companies like ZoomInfo and Vroom . its S-1, despite growing losses and less than $100 million in 2019 revenue. Lemonade's pitch will be "stay private shorter," offering the possibility of private-market returns to public-market investors. It also will be a test case for the $100 million revenue threshold, which had been considered tech IPO gospel in recent years.
IPO investors are often giving issuers a mulligan for recent performance, instead using 2019 results to model out past 2021. For Airbnb, this means it could go public in late Q3 without being dinged too badly for its Q1 or Q2 results.Airline capacity remains well below pre-pandemic levels, but it is showing that his company had more U.S. bookings between May 17 and June 3, including the Memorial Day weekend, than it did for the same period in 2019.
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