Airbnb aims for $35 billion valuation in long-awaited IPO

(Reuters) – Airbnb Inc said on Tuesday it is aiming for a valuation of up to $34.8 billion in its initial public offering (IPO), in what would cap a stunning recovery in its fortunes after the U.S. home rental firm’s business was heavily damaged by the COVID-19 pandemic earlier this year.

FILE PHOTO: The Airbnb logo is seen on a little mini pyramid under the glass Pyramid of the Louvre museum in Paris, France, March 12, 2019. REUTERS/Charles Platiau/File Photo

In a regulatory filing, Airbnb set a target price range of between $44 and $50 apiece to sell 51.9 million shares, which would pull in $2.6 billion. Airbnb could end up selling $2.85 billion at the upper end of the range.

Of the shares being sold, Airbnb founders Brian Chesky, Joe Gebbia and Nathan Blecharczyk will together sell nearly $100 million worth of shares in the IPO launch.

Airbnb struggled

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Zoom Shares Slide as Analysts Express Concern Over Valuation

Shares of Zoom Video Communications  (ZM) – Get Report fell sharply Tuesday, as analysts expressed concern about valuation despite the video-conferencing company releasing a strong earnings report.

Zoom recently traded at $424.98, down almost 11%. But the stock skyrocketed 603% year to date through Monday, with usage exploding as the coronavirus pandemic forced people to stay at home.

For its fiscal 2021 third quarter ended Oct. 31, San Jose-based Zoom reported profit of 99 cents per share on revenue of $777.2 million. Analysts expected earnings of 76 cents per share with revenue of $693.95 million.

After Covid, however, the work-from-home and school-from-home dynamic may diminish, Morgan Stanley analysts said, according to Bloomberg. Morgan Stanley has an equal weight rating and a $380 price target on Zoom. The total addressable market of $100 billion leaves plenty of room for growth, but the analysts see valuation trading between their

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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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Unity Software Is Downgraded by Oppenheimer on Valuation

Unity Software  (U) – Get Report, a video game software maker, received a downgrade to perform from outperform from Oppenheimer analyst Andrew Uerkwitz based on valuation.

He withdrew his share-price target of $113. Since going public Sept. 17 at $52, the stock has almost tripled. It recently traded at $148.77, up 0.78%.

Uerkwitz said he still likes the company’s prospects for the short term and the long term. But he “can’t stretch any further on valuation,” he wrote in a commentary cited by Bloomberg. “The stock has run up too soon, too fast for our risk appetite.”

Unity Software’s price-sales ratio stands at 56.32, according to Morningstar. Its stock has outgained other software-as-a service companies since its IPO, Uerkwitz noted.

While the company’s market capitalization ($40.3 billion) passed stalwart video game publisher Electronic Arts  (EA) – Get Report last week, he doesn’t see Unity matching

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The Problem With QuantumScape’s Valuation

With QuantumScape (QS) touching $50, we’ve hit full insanity again to end the last trading day of November. This recent reverse-merger via a SPAC has solid backing for its solid-state lithium battery concept. Any company with the name Bill Gates attached to it definitely gets attention and a premium. And the company holds patents in one of the hottest sector of the market, electronic vehicles, a market positioned to potentially outperform over the coming years.

The problem comes down to valuation. In their pitch to investors, the company outlined its future enterprise value and then backed into a discounted enterprise value of $12.579 billion. This EV was used as justification on the deal. And I don’t disagree with it.

The problem?

With 447.6 million shares outstanding post-merger, which does NOT include the additional shares that the warrants could introduce, the current Enterprise Value is now above $20 billion with a

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DoorDash looking for a valuation of nearly $30B

NEW YORK (AP) — DoorDash is looking for a valuation of nearly $30 billion when it takes itself public, reflecting how integral food delivery has become in millions of people’s lives during the pandemic.

The company is planning to raise up to approximately $2.8 billion from an initial public offering of 33 million shares. The offering is expected to be priced between $75 and $85 per share, according to a regulatory filing Monday.

DoorDash has experienced explosive growth this year.

Last year, the company generated $885 million in revenue. During the first nine months of 2020 revenue more than doubled that to $1.9 billion. It was already growing before the pandemic. In 2018 it brought in $291 million in revenue.


But DoorDash has lost money each year since its founding and the company has warned potential investors that losses could continue as the company anticipates increasing expenses. It had a

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Tiger Global, Dragoneer Pump Fresh Funds in Unacademy, Valuation Jumps to $2 Bn

The fresh capital has knocked up the company’s valuation by almost 45 per cent since it entered the coveted unicorn club in September after raising USD 150 million funding led by Softbank at a valuation of USD 1.45 billion.

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Education technology startup Unacademy said on Wednesday it has raised an undisclosed amount from Tiger Global and Dragoneer Investment Group.

The fresh capital has knocked up the company’s valuation at USD 2 billion, an almost 45 per cent jump since it entered the coveted unicorn club in September after raising USD 150 million funding led by Softbank at a valuation of USD 1.45 billion.

Also Read: India Gets Its Second Edtech Unicorn As Unacademy Joins The Prestigious Club

“Today, I’m delighted

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Payments Startup Stripe in Talks for Funding at $70 Billion Valuation or More

(Bloomberg) — Private financial technology business Stripe Inc. is in talks to raise a new funding round valuing it higher than its last private valuation of $36 billion, according to people familiar with the matter.



Patrick Collison sitting in front of a window: John Collison, president and co-founder of Stripe Inc., left, and Patrick Collison, chief executive officer and co-founder of Stripe Inc., sit for a photograph after a Bloomberg Studio 1.0 television interview in San Francisco, California, U.S., on Friday, March 23, 2018. Stripe Inc. provides payment software services and solutions by designing and producing software to process online credit and debit card payments.


© Bloomberg
John Collison, president and co-founder of Stripe Inc., left, and Patrick Collison, chief executive officer and co-founder of Stripe Inc., sit for a photograph after a Bloomberg Studio 1.0 television interview in San Francisco, California, U.S., on Friday, March 23, 2018. Stripe Inc. provides payment software services and solutions by designing and producing software to process online credit and debit card payments.

The valuation being discussed could be more than $70 billion or significantly higher, at as much as $100 billion, said one of the people, who asked not be identified because the matter is private. That would make it currently the most valuable venture-backed startup in the U.S., according to CB Insights.

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Bitcoin Investigation Giant To Raise $100 Million At $1 Billion Valuation

A new bitcoin unicorn is about to be born. After days of rumors flying around the cryptocurrency industry, investigation firm Chainalysis confirmed exclusively to Forbes it expects to raise $100 million venture capital at a $1 billion valuation as soon as next week. Led by Tiger Global alum Lee Fixel’s newly founded venture capital firm, Addition, the Series C round is expected to be joined by previous investors Accel, Benchmark, and Ribbit.

Though Chainalysis CEO and co-founder Michael Gronager declined to share the actual revenue generated by the firm, Forbes estimates it made $8 million in 2018, and Gronager says its revenue increased by about 96% over the past year. With revenue expected to double next year and again in 2022, the investment is further evidence there’s more money to be made in crypto than by just buying low and selling high.

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Afresh has a $100 million valuation and a software service that keeps food fresh in grocery stores

Afresh, a company selling software to track demand and manage orders for fresh produce in grocery stores, is now worth $100 million.

That hefty valuation comes on the back of a $13 million extension to the company’s latest round of funding, led by Food Retail Ventures and joined by existing investors Innovation Endeavors, Maersk Growth, and Baseline Ventures, the company said.

As part of the round, James McCann, the former chief executive of Ahold USA, a supermarket holding company whose subsidiaries include HEB, Supervalu, and Giant, has joined the company’s board of directors.

Companies like Afresh are tackling the problem of food waste with the same kind of enterprise resource planning technologies that manufacturers have adopted — and getting results. Stores using Afresh reduce food waste by a quarter compared to peers without the technology, the company said. These stores also see a 40% boost to their produce operating

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