IPO Terms
Company: Airbnb
Proposed Symbol: ABNB
Exchange: Nasdaq Global Select
Expected IPO Date: 12/10/20
CEO:Brian Chesky
# of Employees: 5465
Offer Amount: $3.4B
Proposed Share Range: $56-$60
Shares Offered: 51.5M
Estimated Market Cap: $42B
Lead Underwriter(s): Morgan Stanley, Goldman Sachs, Allen & Company, BofA Securities, Barclays Capital
VC/PE Investors
Individuals: Jeff Bezos, Ashton Kutcher, Keith Rabois, Oliver Jung
Firms: Sequoia Capital, Y Combinator, GGV Capital, Wellington Management
Competitors: Vrbo, Tripping.com, FlipKey
Revenue
Year ended Dec. 31, 2015: $919M
Year ended Dec. 31, 2016: $1.6B
Year ended Dec. 31, 2017: $2.5B
Year ended Dec. 31, 2018: $3.6B
Year ended Dec. 31, 2019: $4.8B
Nine Months ended Sept 30, 2020: $2.5B
Net Loss
Year ended Dec. 31, 2015: $135M
Year ended Dec. 31, 2016: $147M
Year ended Dec. 31, 2017: $70M
Year ended Dec. 31, 2018: $16M
Year ended Dec. 31, 2019: $674M
Nine Months ended Sept 30, 2020: $696M
Current Financial Status (as of Sept. 30, 2020)
Working Capital: $1.9B
Total Assets: $8.7B
Total Liabilities: $6.8B
Accumulated Deficit: $2.1B
Total Funding: $5.8B