It's now at $54.35, representing a 21% increase from the IPO, while the S&P 500 is up 27% over that stretch. The investment has so far not paid off very well: Uber debuted at $45 in May 2019, and then traded below the IPO price until last month. In Uber's IPO last year, the company set aside up to 3% of the 180 million shares for drivers. It also allowed employees with vested shares to sell a portion of their equity in the IPO rather than having to wait for the lock-up expiration.Īirbnb isn't the first company to open its IPO to partner businesses. It mimicked a strategy used earlier this year by Unity Software and also DoorDash, holding a hybrid auction that let executives solicit bids from investors and choose a price based on where they landed. Personal Loans for 670 Credit Score or Lowerīy opening up a piece of the IPO to hosts, Airbnb added a twist to the first-day IPO pop, an event that most often benefits large money managers who have close relationships to underwriters like Morgan Stanley and Goldman Sachs, the two firms that led Airbnb's offering.Īirbnb stuck to the general IPO playbook, but made some tweaks around the edges. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
0 Comments
Leave a Reply. |