Literally google “Airbnb direct listing” and you can see top analysts talking about it for years. Just like they said Spotify would do a direct listing and then they did. Just like they said Slack would do a direct listing and then they did.
Airbnb is actually profitable (at least EBITDA) unlike these other companies and hasn’t raised a major round in a while since they don’t need capital. This makes them a much better direct listing candidate than those previous companies.
It was widely reported they met with Morgan Stanley about a direct listing and Morgan Stanley is considered the expert in the field since they managed the last few.
“In a short statement posted on its website on Thursday, Airbnb did not give any details on how it plans to list its shares, although it is widely expected to take a direct-listing route.
A direct listing to go public is a process in which no new shares are created and helps companies save millions of dollars in underwriting fees.”
So why can’t I know what is widely reported to media by company insiders and has been for years?
Airbnb is actually profitable (at least EBITDA) unlike these other companies and hasn’t raised a major round in a while since they don’t need capital. This makes them a much better direct listing candidate than those previous companies.
It was widely reported they met with Morgan Stanley about a direct listing and Morgan Stanley is considered the expert in the field since they managed the last few.
How is Reuters for a source? If you prefer something else it has been covered by the vast majority of the financial press. https://www.reuters.com/article/us-airbnb-ipo/airbnb-plans-p...
“In a short statement posted on its website on Thursday, Airbnb did not give any details on how it plans to list its shares, although it is widely expected to take a direct-listing route.
A direct listing to go public is a process in which no new shares are created and helps companies save millions of dollars in underwriting fees.”
So why can’t I know what is widely reported to media by company insiders and has been for years?