What’s going on? SoftBank – a Japanese conglomerate, reported better-than-expected earnings after its investment in DoorDash really delivered. What does that mean? Both the global rally in tech stocks and the booming demand for IPOs has led to SoftBank’s doing well in private investments, leading to a record profit for its Vision Fund – the…
Tag: doordash
Journal Report 23: Airbnb’s IPO
What’s going on here? Airbnb finally filed for IPO (S-1 form link) on Nov 16, 2020, after 5 years of rumor. Its valuation is now ~ $18 bil, compared with the $31 bil valuation in 2017. Pricing terms are not yet set. Lead underwriters are Morgan Stanley and Goldman Sachs. Airbnb’s recent performance Gross Booking…
with HT 