Airbnb Seeks Valuation Up To $35 Bn In IPO Filing

Airbnb is seeking to raise some $2.6 billion in its upcoming share offering, which could give the home-sharing giant a valuation as high as $35 billion, an updated regulatory filing showed Tuesday.

The California group said its initial public offering would include some 51.9 million shares in a range of $44 to $50.

The latest filing appeared to confirm an upbeat outlook for Airbnb, which has claimed its home-sharing model has proved resilient during the global coronavirus pandemic with travelers seeking safer lodgings and avoiding crowded hotels.

Airbnb offered no date for the start of trading, which is expected sometime this month under the trading symbol ABNB.

The company may still update its offering price, but at current levels the valuation would be as much as $35 billion including restricted stock and options. The IPO would raise between $2.1 billion and $2.6 billion at the current range.

Airbnb moved closer to a stock market debut with an updated filing seeking a valuation up to $35 billion Airbnb moved closer

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U.S. grants ByteDance new seven-day extension of TikTok sale order: filing

WASHINGTON (Reuters) – The Trump administration on Wednesday granted ByteDance a new seven-day extension of an order directing the Chinese company to sell its TikTok short video-sharing app, according to a court filing.

The administration previously had granted ByteDance a 15-day extension of the order issued in August, which was set to expire Friday. President Donald Trump on Aug. 14 had directed ByteDance to divest the app within 90 days.

The new deadline is Dec. 4, TikTok said in the filing. Under pressure from the U.S. government, ByteDance has been in talks for months to finalize a deal with Walmart Inc and Oracle Corp to shift TikTok’s U.S. assets into a new entity.

TikTok declined to comment beyond the filing.

ByteDance has made a new proposal aimed at addressing the U.S. government’s concerns, said a person briefed on the matter who declined to detail that proposal.

A U.S. Treasury representative

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Tween Gaming Sensation Roblox To Go Public: Filing

Popular gaming platform Roblox, a pandemic sensation among children, is aiming to raise $1 billion in an initial public offering, according to documents published Thursday.

The online phenomenon, which allows users to create their own immersive 3D games, reported revenue of $589 million for the nine months to September and an operating cash flow of $345 million.

According to the IPO filing, the California-based company is not yet profitable, reporting a net loss of $203.2 million in the nine months ending in September.

The size of the offering was listed at $1 billion, though that will likely change, according to Bloomberg.

Roblox has become a gaming sensation among children Roblox has become a gaming sensation among children Photo: AFP / Lionel BONAVENTURE

 

Roblox is a massive hit among seven to 13-year-olds, who can use the platform to play games across a range of devices and systems including iOS, Android, PC, Mac, and Xbox. Developers get a share of

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Affirm publicly reveals IPO filing amid buy now, pay later surge

  • Affirm, a fintech startup that enables consumers to pay for online purchases as they go, publicly revealed its initial public offering documents on Wednesday.
  • The company reported a net annual loss of $125.8 million for its latest fiscal year, which ended in June, down 6% from 2019 — while its annual revenue nearly doubled year-over-year to $509.5 million.
  • Affirm, founded and headed by PayPal alum Max Levchin, confidentially filed to go public in October, and was privately valued at $2.9 billion last year, according to PitchBook.
  • Affirm is among the wave of “buy now, pay later” fintech startups that have taken off this year as online shopping soars and consumers remain wary of overextending their budgets during the pandemic.
  • Visit Business Insider’s homepage for more stories.

Affirm made its initial public offering documents publicly available on Wednesday, providing the most detailed look yet at the company’s inner financial workings.

Affirm,

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Airbnb’s IPO filing reveals an uncertain future amid COVID-19 pandemic

  • Airbnb made its initial-public-offering filing available to the public on Monday, revealing exactly how the pandemic had devastated its business.
  • The company reported nearly $700 million in losses in the first nine months of 2020, more than double its losses for the same period in 2019.
  • While Airbnb made some key strategic decisions that helped it fare better than competitors, it also disclosed a long list of risk factors that could impair its recovery — and, possibly, its path to profitability.
  • Some of its biggest headwinds — such as the pandemic, regulations, Google, and a potential billion-dollar tax bill — are forces Airbnb can’t heavily influence and highlight the uncertainty it’s facing.
  • Visit Business Insider’s homepage for more stories.

Airbnb made its initial-public-offering documents available to the public Monday, revealing $696.6 million in losses during the first three quarters of what has been a tumultuous year for the company.

At

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DoorDash shows surge in revenue growth, profitable quarter in IPO filing

(Reuters) – DoorDash Inc showed a surge in revenue growth in 2020 and reported a quarterly profit for the first time in its IPO filing on Friday, as the U.S. food delivery startup prepares for what is set to be one of the year’s most high-profile market debuts.

The move to go public by DoorDash, which competes with Uber Eats, GrubHub Inc and Postmates Inc, follows a surge in demand for food delivery services during the COVID-19 lockdowns earlier this year.

In its IPO filing, DoorDash reported revenue of $1.92 billion for the first nine months of 2020, up more than three times from the same period a year earlier. The company reported a profit of $23 million for the first time in its history during the second quarter of 2020.

DoorDash, however, said the sudden surge in business activity this year had revealed “material

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DoorDash Shows Surge in Revenue Growth, Profitable Quarter in IPO Filing | Top News

By Anirban Sen and Joshua Franklin

(Reuters) – DoorDash Inc showed a surge in revenue growth in 2020 and reported a quarterly profit for the first time in its IPO filing on Friday, as the U.S. food delivery startup prepares for what is set to be one of the year’s most high-profile market debuts.

The move to go public by DoorDash, which competes with Uber Eats, GrubHub Inc

and Postmates Inc, follows a surge in demand for food delivery services during the COVID-19 lockdowns earlier this year.

In its IPO filing, DoorDash reported revenue of $1.92 billion for the first nine months of 2020, up more than three times from the same period a year earlier. The company reported a profit of $23 million for the first time in its history during the second quarter of 2020.

DoorDash, however, said the sudden surge in business activity this year had revealed

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DoorDash makes IPO filing public, $1.9 billion revenue so far in 2020

  • DoorDash on Friday released its filing to go public.
  • The delivery company said in the filing that in the first nine months of this year it generated a $149 million loss on revenue of $1.9 billion, compared with a $667 million loss on $587 million in revenue the year before.
  • “Helping brick-and-mortar businesses compete, succeed, and flourish in these rapidly changing times is the core problem we are trying to solve,” CEO Tony Xu wrote in a letter.
  • Visit Business Insider’s homepage for more stories.

DoorDash is going public.

The San Francisco-based delivery company on Friday filed a Form S-1 for an initial public offering with the Securities and Exchange Commission. DoorDash will trade under the symbol DASH.

DoorDash said in the filing that it saw an explosion of business in 2020 and shrinking losses during the pandemic. In the first nine months of this year, it generated a $149

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DoorDash IPO filing shows massive growth, but lots of risk

doordash-decade-review-2893

DoorDash is headed to Wall Street.


Angela Lang/CNET

Food delivery service DoorDash on Friday filed paperwork with the US Securities and Exchange Commission for an initial public offering. The S-1 filing, more than 200 pages long, shows that the company reported $1.9 billion in revenue for the nine months that ended Sept. 30, up from $587 million during the same period last year. 

The company also reported a net loss of $149 million in the first nine months of this year, which is less than the $533 million net loss it reported during the same time in 2019.

The past few months have been booming for DoorDash, as the novel coronavirus has caused people around the world to shelter-in-place and stay indoors. The company has gained millions of

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DoorDash IPO filing shows surging revenue growth [Video]

Get set for another blockbuster IPO this year. DoorDash unveiled the details of its initial public offering filing Friday with some appetizing numbers for investors.

The food delivery startup produced a profit for the first time in its history in the second quarter – some $23 million. And its revenue for the first nine months of the year more than tripled to just under $2 billion. It’s set to list on the New York Stock Exchange before the end of the year.

Demand for DoorDash’s food delivery services has mushroomed as the health crisis continues to keep people at home. It has grown into the U.S.’ largest third-party delivery company for restaurants.

Backed by SoftBank, DoorDash boasts $1.6 billion in cash and a $300 million credit facility that’s set to rise to $400 million after its IPO.

The company was privately valued at about $16 billion back in June. Its

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