188bet app announces restart of IPO,Originally planned to be launched in March but disrupted by the epidemic

Big accommodation Author of 188bet app article: Tencent Technology 2020-07-20
188bet app’s listing is likely to be welcomed by investors。

188bet app is a leading company in the global homestay industry,The company was originally scheduled to go public early this year,But it was completely disrupted by the global new crown epidemic。According to the latest news from foreign media,July 15 (Wednesday),188bet app CEO Brian Chesky told employees,Although the new crown epidemic has caused significant damage to the homestay industry,But 188bet app has resumed the listing process。

According to foreign media reports,188bet app San Francisco-based company was once valued at billion by investors,188bet app plan is to apply for listing in March,But when the coronavirus pandemic disrupts global travel,The company has shelved these plans。

After the outbreak of COVID-19,188bet app cuts costs,Increased emergency fund reserves,And lay off a quarter of the workforce,About 1900 people。

In a video conference with staff on Wednesday,Chesky said,The 188bet app’s total B&B room bookings – and fees paid to hosts – have rebounded in recent weeks from previous slumps。

He said at the meeting: "188bet app is a new situation that I never imagined being able to tell you,188bet app change defies logic to some extent。” he added,With the rebound of the new crown epidemic in some parts of the United States,Reinstatement of restraining order,The positive trend of the homestay industry may change。

188bet app also announced a personnel change,Catherine Powell, the company’s head of experience, will join the company after B&B division president Greg Greeley leaves the company,Served as the new global head of B&B business。Hiroki Asai, a senior executive who has worked at Apple for 18 years, will join the company,Responsible for marketing business。

Greeley was once the executive in charge of Amazon’s free shipping membership program,Joined 188bet app two years ago,Responsible for stabilizing the company’s core homestay business。

The company is trying to repair relationships with B&B hosts around the world,The host provides a listing for the 188bet app platform,But the host’s income has dried up due to the recent stoppage of travel。

With the spread of the new coronavirus epidemic,188bet app once allowed guests to cancel non-refundable reservations,This makes many landlords angry。Chesky earlier apologized to landlords for how he communicated the decision,In addition, the company has also provided some financial compensation to landlords for this practice。

In response to the new coronavirus epidemic,188bet app makes adjustments to its product,Includes creating new house cleaning schedule,Promote B&Bs that are accessible by car in rural areas。

The company is under pressure from employees to go public as soon as possible,Stocks held by early employees will expire 188bet app year。

Even if some income is lost due to the new crown epidemic,188bet app’s listing is likely to be welcomed by investors。Despite record unemployment in the United States,Surge in the number of new coronavirus infections,And the U.S. economic recession,But the U.S. stock market has been quite hot recently,In particular, IPOs of technology companies are also welcomed by investors。

Last weeks,Share prices of online insurance startup Lenmondade and fintech startup NCino more than doubled after listing。

When it comes to new availability,Chesky said: "We will not commit to going public this year,But we do not rule out this possibility。When the capital market is ready,We are ready,Although 188bet app’s performance is affected,But we are not out。”

*Source of 188bet app article:Tencent Technology,Original title:188bet app announces restart of IPO,Originally planned to be launched in March but disrupted by the epidemic》.

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