Airbnb Plans to File Confidentially for IPO in August

Re:Airbnb Plans to File Confidentially for IPO in August by richiezc on Tuesday August 11, 2020 @08:55PM (#24127612)

b/c you can sell them at that point, the shares today are illiquid and they'd probably have to do something like a prepaid variable forward to be able to afford to exercise and pay tax (~23% of FMV - strike price) we're talking millions of dollars for early employees who didn't do an 83b election.

once airbnb IPOs they could do either of the following:

* Cashless (exercise and sell to cover: sell enough of your shares to cover the purchase price and applicable fees and taxes.

* Cashless (exercise and sell): sell it all

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Re:Airbnb Plans to File Confidentially for IPO in August by richiezc on Tuesday August 11, 2020 @09:17PM (#24127703)

from friends who have sold its more in the 15% commission range, there's also a fair amount of tax and legal headaches.

- replying to myself since there's a max threading depth on HN?

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Re:Airbnb Plans to File Confidentially for IPO in August by naveen99 on Wednesday August 12, 2020 @08:23AM (#24131301)

15% seems excessive...

You could probably find a buyer yourself and work directly with lawyers to make it happen at a much lower flat rate instead of commission if you have many millions worth.

There seems to be a few variables associated with loss of reply button... looks like it returned. Maybe minimum and maximum time limits, max thread depth, other person is Re-editing...

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Re:Airbnb Plans to File Confidentially for IPO in August by naveen99 on Tuesday August 11, 2020 @09:08PM (#24127669)

You clearly know more about this since it affects you personally. But airbnb shares aren’t that illiquid. I purchased some myself in a secondary market. You might lose 5% to commission, which I guess is enough to want an ipo if you have a lot of money tied up there.

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Re:Airbnb Plans to File Confidentially for IPO in August by sandeeps_ on Wednesday August 12, 2020 @02:28AM (#24129119)

How/where can one purchase Airbnb shares? Is there a minimum amount needed to be purchased?

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Re:Airbnb Plans to File Confidentially for IPO in August by naveen99 on Wednesday August 12, 2020 @08:16AM (#24131252)

The minimum varies from $20k to $500k depending on platform and target company. Hard to find and in high demand shares are at the higher end.

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Re:Airbnb Plans to File Confidentially for IPO in August by sandeeps_ on Thursday August 13, 2020 @05:18PM (#24149369)

Thanks. What platform/website is used to buy shares like this?

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Re:Airbnb Plans to File Confidentially for IPO in August by Xavdidtheshadow on Wednesday August 12, 2020 @03:41AM (#24129532)

What site/market did you use? That's an interesting concept I had never heard of!

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Re:Airbnb Plans to File Confidentially for IPO in August by naveen99 on Wednesday August 12, 2020 @08:13AM (#24131224)

The company I used Equidate got renamed then acquired by sharespost. equityzen has lower minimum investments.

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