airbnb_Airbnb通过旅行回扣秘密地进行IPO申请

airbnb

By Olivia Carville and Crystal Tse

奥利维亚·卡维尔(Olivia Carville)和谢天佑(Crystal Tse)

Airbnb Inc. said it has filed to go public in a long-awaited listing as the company emerges from the effects of the coronavirus pandemic.

Airbnb Inc.表示已申请上市，期待已久，因为该公司摆脱了冠状病毒大流行的影响。

The San Francisco-based company said Wednesday in a statement that it submitted its filing for an initial public offering confidentially to the U.S. Securities and Exchange Commission. The size and price range for the offering haven’t been set yet, the company said.

这家位于旧金山的公司周三在一份声明中表示，已向美国证券交易委员会秘密提交了首次公开募股的申请文件。 该公司表示，尚未确定产品的尺寸和价格范围。

Airbnb remains one of the most highly anticipated stock listings of this year. Chief Executive Officer Brian Chesky had originally intended to initiate the listing process with the SEC on March 31. That was before Covid-19 closed borders, grounded flights to a halt and left the company with more than $1 billion in cancellations. With the markets in turmoil, plans were put on hold.

Airbnb仍然是今年最受期待的股票上市之一。 首席执行官布赖恩·切斯基(Brian Chesky)原本打算在3月31日在美国证券交易委员会(SEC)启动上市程序。那是在Covid-19封闭边界，停飞航班并让该公司注销超过10亿美元之前。 随着市场动荡，计划被搁置。

The comeback for travel following the first peak of the pandemic was faster than expected, though, helping keep Airbnb’s plans for a public market debut moving ahead.

不过，在大流行的第一个高峰之后，旅行卷土重来的速度比预期的要快，这有助于使Airbnb的首次公开募股计划得以推进。

The company began seeing signs of recovery in June, with bookings down only 30% for the month in 2019, people familiar with the matter have said. That compared with a 70% decline in May from a year earlier.

知情人士说，该公司从6月开始看到复苏的迹象，2019年的预订量仅下降了30％。 相比之下，五月份同比下降了70％。

“The trajectory that Airbnb would’ve seen had we not been in the midst of a pandemic would’ve been so much more impressive.” said Arun Sundararajan, a professor at New York University’s Stern School of Business. “Against the odds, it appears the stock market is still receptive to tech IPOs.”

“如果我们不经历大流行，Airbnb将会看到的轨迹会令人印象深刻。” 纽约大学斯特恩商学院教授阿伦·桑达拉拉扬(Arun Sundararajan)说。 “尽管如此，股市似乎仍然可以接受科技股的IPO。”

While it’s risky for any company in the travel industry to be going public this year, there’s growing evidence investors think tech platforms are going to control a larger portion of the economy, Sundararajan said.

Sundararajan说，尽管对旅游业中的任何一家公司今年公开上市都是有风险的，但越来越多的证据表明，投资者认为科技平台将控制整个经济领域。

Airbnb’s revenue fell to $335 million in the second quarter, the people said. That was down at least 67% from the more than $1 billion the company reported in the same period last year, a shift that reflects the magnitude of the impact of the pandemic on global travel. It was also a steep decline from the $842 million in sales in the first quarter, according to financial information viewed by Bloomberg.

知情人士说，第二季度，Airbnb的收入下降至3.35亿美元。 这比该公司去年同期报告的超过10亿美元下降了至少67％，这一变化反映出该流行病对全球旅行的影响程度。 根据彭博社的财务信息，这也比第一季度的8.42亿美元的销售额大幅下降。

Airbnb recorded a loss before interest, taxes, depreciation and amortization of $400 million for the three months ended in June, the people said. The company reported an adjusted loss of $341 million in the first quarter, compared with a loss of $292 million a year earlier.

知情人士说，在截至6月份的三个月中，Airbnb的未计利息，税项，折旧和摊销前的亏损为4亿美元。 该公司报告第一季度的调整后亏损为3.41亿美元，而去年同期为亏损2.92亿美元。

Airbnb was valued at $31 billion at its peak in a 2017 private fund-raising round, though $2 billion in debt issuance to shore up its finances this year has significantly reduced that valuation. In a round of debt and equity securities in April that included Silver Lake and Sixth Street Partners, the warrants valued the company at $18 billion, Bloomberg reported.

Airbnb在2017年一轮私人融资中的峰值估值为310亿美元，尽管今年20亿美元的发行债券以支撑其财务状况已大大降低了该估值。 彭博社报道 ，在四月份的一轮债务和股票证券中，包括银湖和第六大街合伙人，认股权证对公司的估值为180亿美元。

Airbnb had been leaning toward a direct listing in which it wouldn’t raise money by selling new shares as it would in a traditional IPO. Instead, its investors could have put their shares on the market without waiting for a lock-up period.

Airbnb一直倾向于直接上市，即不会像传统IPO那样通过出售新股来筹集资金。 取而代之的是，它的投资者无需等待锁定期就可以将其股票投放市场。

Two other San Francisco-area technology companies, Palantir Technologies Inc. and Asana Inc., are moving ahead with direct listings in late September, people familiar with their plans have said.

知情人士说，另外两家旧金山地区的技术公司，Palantir Technologies Inc.和Asana Inc.，正在9月底进行直接上市。

Airbnb said its IPO would take place after the SEC completes its review, subject to market and other conditions.

Airbnb表示，将根据市场和其他条件，在SEC完成审查后进行IPO。

— With assistance from Katie Roof.

—在Katie Roof的协助下。

翻译自: https://medium.com/bloomberg/airbnb-files-confidentially-for-ipo-with-travel-rebounding-44684be80125

airbnb