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Friday 4 September, 2020
TOP STORY
Opinion: My thoughts on Airbnb's IPO
ShortTermRentalz editor Paul Stevens assesses the potential success of Airbnb‘s IPO and why investors should be encouraged by the firm’s ability to operate on a profit.
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Editor's comment
04•09•20 Welcome to the latest ShortTermRentalz newsletter!
• After hosting Wednesday's Urban Living webinar on Flex Rentals: Investing in innovation, it appears the success of Airbnb's IPO will be a "watershed moment" for the home-sharing industry.
In my first video opinion piece, I evaluate the potential success of Airbnb's IPO and why investors should be encouraged by the company's ability to operate on a profit, even though certain challenges remain.
Though details are scarce on what the IPO will entail, Airbnb turned down the opportunity to merge with billionaire investor Bill Ackman's special purpose acquisition company [SPAC], Pershing Square Tontine Holdings Ltd, before it confidentially filed to go public last month. CEO Brian Chesky even admitted having been approached about a merger with a SPAC in July, but remained coy over its identity.
That would suggest Airbnb executives are currently confident in holding out for the highest possible valuation around the $40 billion mark, if and when the company does come to the market. While not completely ruling out a merger in future, the firm may not be willing to give up control to a SPAC which could affect its valuation, and it will be mindful to go public before the end of the year, when the restricted stock options of some of its early employees are set to expire.
• Don't forget to register for our next Urban Living webinar, which takes place on Wednesday 9 September at 2pm BST, when the panel will discuss The anyplace workplace - office of tomorrow v office of yesterday.
Joining IHM editor-in-chief George Sell will be:
• Bruce Daisley, ex-Twitter VP, #1 best selling author, EatSleepWorkRepeat
• Shelley Reiner, director, Suited ID
• Charlie Rosier, co-founder, CuckoozNest
• Tom Wordie, marketing and partnerships, AndCo
Click here to register for the no cost webinar and join the 3,700+ real estate and hospitality professionals who have enjoyed the series so far.
• Our new upcoming webinar series RockSTRz begins on 15 September with a session on Humanity v technology: how will tech adoption accelerate the professionalisation of the industry. Already confirmed to join the first panel are Terry Whyte, owner of Anna Maria Island Beach Rentals, and Filipa Leitão de Aguiar, founder and CEO of Rent4Rest.
Speakers and registration details can be found here.
If you have a story you want us to tell the industry, please click here or contact me at my email below.
Paul Stevens, editor
paul@internationalhospitality.media
For more information and sponsorship / advertising opportunities, please get in touch with us.
OUR EVENTS
Fortnightly from 15 September 2020
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International Hospitality Media is the premier specialist in online publishing; conference, exhibition and events, and advisory services for niche growth sectors of the hospitality industry. The company publishes three industry-leading b2b websites - BoutiqueHotelNews.com and ServicedApartmentNews.com and ShortTermRentalz.com which keep their respective sectors up to speed with news, comment and opinion.
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