Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Markets Equities Stock Market

Airbnb release its prospectus to debut on Nasdaq Stock Exchange

Olumide Adesina by Olumide Adesina
November 17, 2020
in Stock Market
Airbnb releases $250 million relief fund to help affected hosts

Brian Chesky, Airbnb Co-founder and CEO

Share on FacebookShare on TwitterShare on Linkedin

Airbnb, the world’s biggest and most popular vacation online rental marketplace, just released its prospectus to debut on the Nasdaq Stock Exchange. Airbnb allows its customers to order for short-term rentals and experiences while traveling.

Airbnb via its detailed prospectus revealed it made $219 million in net income on revenues of $1.34 billion last quarter. That was unsurprisingly lower than $1.65 billion in revenue a year prior.

  • It’s critical to note that Airbnb presently has about 327 million users in a span of 11 years, showing a great upside in monetizing its business model exponentially for the long term.
  • Airbnb plans to trade under the symbol “ABNB” on the Nasdaq.
  • In its prospectus, the company put an emphasis on building a community around its hosts and guests, positioning that community as a differentiating factor from its competitors. The company said it would set up 9.2 million shares of non-voting stock aside in an endowment fund for hosts.

The prospectus said, “Our guests are not transactions — they are engaged, contributing members of our community.” The company said in its prospectus summary, “Once they become a part of Airbnb, guests actively participate in our community, return regularly to our platform to book again, and recommend Airbnb to others who then join themselves.

“This demand encourages new hosts to join, which in turn attracts even more guests. It is a virtuous cycle — guests attract hosts, and hosts attract guests.”

What you should know

Nairametrics about a month ago, disclosed Airbnb was hoping to have a valuation of $30 billion in the IPO slated in the latter part of 2020. This would be substantially higher than the $18 billion Airbnb was valued at in April when it raised $2 billion in debt from investors.

Airbnb is hoping to raise about $3 billion in its upcoming initial public offering. In a report credited to Reuters news, it plans to use the present leverage of its business, after it recently rebounded in revenues from the COVID-19 induced negative toll on the hospitality industry.

  • Airbnb is an online marketplace that allows individuals to let out their apartments or spare rooms to intended guests, at prices often lower than hotels.
  • Airbnb makes a cut of 3% commission of every booking from those individuals listing their apartments on Airbnb’s platform, and between 6% and 12% from guests that book via its platform.

Related

Tags: AirbnbNasdaq Stock Exchange

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Hot forex
Cornerstone
Mega Millions
Polaris Bank
Eco Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Weekly Stock Update: Nigerian Exchange Group closes bearish, loses 0.14% w-o-w
    • A day in the life of a Lagos bus conductor
    • Meet Ochai Agbaji of Nigerian heritage picked in the 2022 NBA Draft to join Cleveland Cavaliers

    Follow us on social media:

    Recent News

    OPEC, NSE, MTN, other developments and how they affect your pocket

    Weekly Stock Update: Nigerian Exchange Group closes bearish, loses 0.14% w-o-w

    June 25, 2022
    “Ó Wà óóó!” —  What I learnt being a bus conductor for one day

    A day in the life of a Lagos bus conductor

    June 25, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com