The global online rental marketplace Airbnb has unveiled it’s plans for it’s market debut on the 10th of December 2020.
The company has stated their plan to sell 50 million new shares to the public, at a price of $44 to $50 a share.
Although it was expected to take place in spring of this year, Airbnb’s initial public offering (IPO) is set to generate a $35bn valuation, that will bring its worth to pre-pandemic levels.
Although Covid has disrupted many wanting to travel around the world, Airbnb has stated that “We believe that the lines between travel and living are blurring” as a result of the pandemic and therefore their business model continues to stay afloat during these unusual times. After cutting about 25% of it’s staff in May and a decrease in their annual income, the company started to make a comeback rapidly due to a surge in rentals during the pandemic, as many refuged in private homes as opposed to hotels.
The company are hoping to leverage this popularity by opting to sell shares on the stock market, aiming to raise $2.5 billion in the IPO, assuming an offering of 57 million shares.
This is extremely beneficial to not only the industry as a whole but also property management companies that partner with Airbnb, such as SMARTHOST, as we continue to utilise their platform and expand our brand reach.
For investors who are interested, the way in which this is expected to work is that on December 9th the stock will be priced and start trading on the Nasdaq exchange; The following day, it will be under the ticket symbol ‘ABNB’.
Many speculate as to whether a valuation of $35bn is realistic for the current times we are in, however, having looked at previous IPO’s it is very likely that Airbnb will source enough investors to successfully launch its debut.
As one of the largest initial public offerings of the year, would you invest?
We're an expert property management company specializing in short, medium and long lets. Since launching in 2016 we’ve managed over 130,000 stays and have earned our clients and property partners over £38M in revenue.
Alex
Personal Trainer
"My approach to life is all about balance. I train to live, not live to train. Getting into Airbnb for the first time with my flat was a big step. With Smarthost, I've gained clarity on my income and expenses like never before. Their expertise has made my hosting journey completely stress-free and highly profitable.”
Ella
Actress
"Truly, Smarthost has been a lifesaver for me. Balancing a hectic acting schedule meant I had little time to manage my Airbnb. Smarthost stepped in and transformed my London flat into what guests now call the 'urban oasis'. Their professional management allows me to share my home's unique vibe stress-free.”
Liam
Software Developer
“A whole new Airbnb journey for me. I'm impressed with Smarthost's user-friendly platform that displays property performance and monthly earnings. No longer do I worry about maintenance or chatting with guests - that's all handled. Thanks to Smarthost for easing my life and expertly managing my rental properties.”
Ella
Psychologist
"Smarthost optimised everything in my Airbnb business, making guest management and housekeeping so easy. Thanks to their efficient service, I can focus on my practice without worrying about my hosting responsibilities. Smarthost has truly made it possible for me to be an Airbnb host without stretching my schedule too thin."
Max
Trader
"Venturing into Airbnb with my property was a completely new experience for me. Smarthost has provided me with a clear overview of all income and expenses linked to the flat. Their operations run smoothly, with precision and reliability at the core. What truly sets them apart, though, is their dedication and personal approach."
Patrick
Product Designer
"Since partnering with Smarthost, my property business has taken off. The team is excellent at marketing the property, engaging with guests, and independently resolving any issues that arise. I find myself simply checking my personal dashboard occasionally and watching the earnings flow into my account. Fantastic work!"
Guilia
Marketing Manager
“Speaking from personal experience, Smarthost is the best in London. They successfully managed my properties, freeing me to enjoy family and personal interests. Exceptional communication and support. I genuinely feel valued as a client, and I'm confident that my assets are in safe hands.”
Harry
Journalist
Smarthost has truly transformed the way we manage our properties, allowing my partner and me to grow our portfolio with ease. Their tailored services mean we can step back and yet remain completely in charge, ensuring the management of our properties is smooth as we focus on our professional lives.
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