FT News Briefing Airbnb IPO pricing, EU squeezes UK in Brexit talks, Brazil's economy during the pandemic
Dec 2, 2020
Airbnb plans to raise up to $2.5 billion in its IPO, navigating pandemic challenges while aiming to boost its growth narrative. The ongoing Brexit negotiations remain tense, with the EU still withholding crucial rights from the UK. Meanwhile, Brazil faces significant economic struggles during the pandemic, grappling with high debt and the consequences of welfare spending. The discussion highlights the critical need for structural reforms to maintain fiscal stability while ensuring public support.
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Airbnb's IPO Shift
- Airbnb's IPO could raise $2.5 billion, pricing shares between $44 and $50.
- The company shifted from a direct listing to an IPO due to pandemic-related financial needs.
Airbnb's Investor Challenge
- Airbnb needs to demonstrate growth potential beyond the pandemic to attract investors.
- Investors will scrutinize how Airbnb plans to acquire and retain new users and hosts.
EU's Brexit Pressure Tactics
- The EU withholds minor rights and waivers from the UK, like insurance exemptions for drivers and pet quarantine rules.
- This tactic pressures the UK during Brexit negotiations, linking minor issues to larger agreements.