Re:Airbnb S-1
by fhrow4484 on Monday November 16, 2020 @05:55PM
(#25118152)
The S-1 has this section with title "Directed Share Program":
"At our request, the underwriters have reserved up to [blank] shares of Class A common stock, or [blank]% of the shares offered by this prospectus, for sale at the initial public offering price through a directed share program to:
* Eligible U.S. hosts who hosted on our platform in 2019 and 2020 [...]"
"At our request, the underwriters have reserved up to [blank] shares of Class A common stock, or [blank]% of the shares offered by this prospectus, for sale at the initial public offering price through a directed share program to: * Eligible U.S. hosts who hosted on our platform in 2019 and 2020 [...]"
Not sure what this means.