From private to public: a financial valuation of Airbnb’s IPO and the underpricing phenomenon
Neccia, Edoardo (A.A. 2023/2024) From private to public: a financial valuation of Airbnb’s IPO and the underpricing phenomenon. Tesi di Laurea in Advanced corporate finance, Luiss Guido Carli, relatore Pierluigi Murro, pp. 158. [Master's Degree Thesis]
Full text for this thesis not available from the repository.
Abstract/Index
The initial public offering (IPO). The strategic rationale for an IPO. Defining an IPO. Players in the IPO process. Pre-requisites for an IPO. The IPO process. An analysis of valuation dynamics. IPO pricing methods. The underpricing phenomenon. Alternatives to IPOs-direct listings and SPACs. The direct listings as an alternative to IPOs. Regulatory framework. Direct listing process. Pros and cons of direct listings. Mechanics and evolution of SPACs. Comparative analysis: direct listings, SPACs and IPOs. Airbnb case study. Overview and history of Airbnb. Airbnb business model. Financial performance and valuation analysis. Airbnb’s stock valuation. Airbnb’s IPO analysis. Could a direct listing or SPAC have been better choices for Airbnb?
References
Bibliografia: pp. 124-127.
| Thesis Type: | Master's Degree Thesis |
|---|---|
| Institution: | Luiss Guido Carli |
| Degree Program: | Master's Degree Programs > Master's Degree program in Corporate Finance, English language (LM-77) |
| Chair: | Advanced corporate finance |
| Thesis Supervisor: | Murro, Pierluigi |
| Thesis Co-Supervisor: | Santella, Rosella |
| Academic Year: | 2023/2024 |
| Session: | Extraordinary |
| Deposited by: | Alessandro Perfetti |
| Date Deposited: | 15 Jul 2025 09:44 |
| Last Modified: | 15 Jul 2025 09:44 |
| URI: | https://tesi.luiss.it/id/eprint/42920 |
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