Morgan Stanley and Goldman Sachs apparently accompany Airbnb IPO

0
33
Airbnb

Airbnb tends to go public through a direct public offering rather than an initial public offering (IPO).


(Photo: Reuters)

new York The IPO planned for the room placement platform next year will be provided by the US banks Morgan Stanley and the Goldman Sachs Group accompanied. Several people familiar with the matter told Reuters news agency.

However, the business could be less lucrative for the two investment banks: Airbnb tends to go public through a listing instead of an initial public offering (IPO). In a "direct listing", such as the music streaming service Spotify existing shareholders can sell their securities via the stock exchange, where the price is based on supply and demand. A placement of new shares does not take place and the role of investment banks is more of a consultative mandate.

Airbnb (t) Goldman Sachs (t) Morgan Stanley (t) Going public (t) Media (t) Broker (t) Investment (f) Stock exchanges & commodities exchanges (t) Sound recordings (t) Share analysis (t) Internet -Portal (t) Spotify (t) Securities trader (t) Digital music market (t) Banks & credit institutions

LEAVE A REPLY

Please enter your comment!
Please enter your name here