Korea Travel Forum - Ask Anything about South Korea

Korea Travel Forum

Plan the perfect trip to South Korea; share your story, KPOP things, ask a question, earn your points

HaB Korea Forum

Plan the perfect trip to South Korea; share your story, KPOP things, ask a question, earn your points

Airbnb may go public during its most uncertain period in history

Airbnb plans to file for an IPO in August, according to a Wall Street Journal report. That means we could see a listing sometime this year, though the exact timeline will depend on the Security and Exchange Commission’s review process and how the market looks. Per the Journal, the company has tapped Morgan Stanley to lead the offering, with Goldman Sachs “playing a key role.”

The news comes at a time when Airbnb faces high costs and extra hurdles due to COVID-19. The home-sharing giant lost hundreds of millions after the pandemic ground travel to a halt and caused bookings to tank in cities around the world. The company had to issue millions in refunds to hosts whose guests canceled their stays.

Airbnb was valued at $18 billion back in April — a significant drop from the $31 billion price tag it garnered during its last fundraising round in 2017. The company raised $1 billion in funding during its April round, with a steep price tag including an interest rate of 10 percent and (reportedly) a verbal commitment to reduce fixed costs and strengthen management. (Still, the extra funds could help the company weather the pandemic.) In May, the company laid off a quarter of its employees and pumped the brakes on plans to expand into TV and transportation.

Even before COVID-19 slammed the US, things weren’t looking great. Airbnb racked up a $322 million loss in the first nine months of 2019.

Airbnb has rebounded somewhat, however: bookings have begun to increase year over year.

Bookings are trending more toward locations within 200 miles of the customers’ homes, indicating that customers have been shifting vacations to domestic stays (unsurprising, given travel restrictions worldwide) and preferring car travel over flights.

Airbnb declined to comment for this story.

Source: https://www.theverge.com/2020/8/12/21364874/airbnb-public-ipo-2020-date-rumor-coronavirus-covid19-pandemic
HaB Korea.net HaB Korea.net (13,462 Point) · 2020-08-15 14:08 · Views 21682
Total 0

    Tour and Activity Search

    Find your perfect tour or activity
    Clear

    Tour and Activity Search

    Find your perfect tour or activity

    Popular Tour Packages

    Discover the best Korea tours and activities

    Magazine HaB Korea

    Korea tour guide and reveiw
    Bolbbalgan4

    Bolbbalgan4 keeps top on the music chart list

    The popularity of the female duo Bolbbalgan4 is continuing during the long Chuseok holiday. As of 7:00 am on Oct. 5, Bolbbalgan4’s ‘Some’ came in first place in real time...
    Read More
    GDragon Paris

    G-Dragon attended ‘Chanel 2018 S / S Fashion Show’

    G-Dragon attended the Chanel fashion show and revealed the power of “fashionistas”. The G-Dragon participated in the ‘Chanel 2018 S / S Fashion Show’ held in Paris on October 3....
    Read More
    Chuseok Greeting 2017

    Korean entertainment stars gave a message of Chuseok

    Korean entertainment stars gave a message of Chuseok and gave a pleasant message. Singer Psy wrote on his instagram on the 2nd October, send a message “It’s Korean thanksgiving”. Head...
    Read More
    BTS Love yourself her

    BTS is on Billboard 200 and HOT 100, first time ever in KPOP history

    The BTS was the first Korean singer to show off his ability to keep charts for two consecutive weeks at the same time as the US Billboard main chart single...
    Read More
    Seoul Street Art Festival

    Seoul Street Arts Festival 2017

    Seoul Street Arts Festival 2017 will be held for four days from October 5th (Thursday) to October 8th (Sunday), which will be held at the Seoul Plaza and downtown areas....
    Read More
    Travel to Korea

    Things to consider before travelling to South Korea

    Pack for the season The outfit that you need to wear depends on the duration of your travel period. You don’t have to go fancy trying to bring your whole...
    Read More
    Namhae German Village beer festival

    Namhae German Village Beer Festival 2017 – Korea Oktoberfest

    The 8th Namhae German Village Beer Festival, modeled after Munich’s own Oktoberfest will be held from October 6th to 8th  at the picturesque German Village in Namhae-gun County, Gyeongsangnam-do Province...
    Read More
    Nami Island and Petite Day Tour_Abby

    K-Drama Private Day Tour – Customer Review on TripAdvisor

    Having been fond of Korean dramas since my middle school days, it was treated for me and my cousins to visit some filming locations in South Korea where they shot...
    Read More
    Gangnung Coffee Festival

    The 9th Gangneung Coffee Festival 2017

    The 9th Gangneung Coffee Festival, selected as Korea’s most promising festival, will be held at the ‘Izen’ Gangneung Green City Experience Center in Chodang-dong, Gangneung-si from Oct. 6th to 9th....
    Read More
    1 241 242 243 244 245 251