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Airbnb boss
Brian Chesky
: Despite the profit-taking after the brilliant stock market debut, Chesky can remain calm
Photo: CARLO ALLEGRI / REUTERS
Quick money: With their spectacular IPOs, the food delivery service Doordash, the housing broker Airbnb and the biotech group Abcellera excited investors in the first week of December.
In the midst of the euphoria, there seemed to be no limits to the ratings of newcomers to the stock exchange: Doordash and Airbnb had each roughly doubled their ratings on the day of the IPO, although the companies had already raised the issue price significantly due to the high demand.
The Canadian biotech group Abcellera, which links the fashionable topics of drug research and artificial intelligence, was even able to triple its rating on the first day of trading.
In the meantime, some investors as well as investors from the very beginning have taken some of their price gains off the table.
Doordash's stock, which had been priced at $ 102 and climbed to just under $ 200 a share at times, fell back to $ 155 by Wednesday.
Investors who accessed it on the first day of trading at the height of the euphoria recorded losses of around 20 percent - while subscribers who had been allocated shares at the issue price still recorded gains of almost 60 percent.
Doordash had raised around 3.4 billion dollars with the initial listing (the equivalent of 2.8 billion euros), which corresponded to a company valuation of 39 billion dollars.
At times the company was valued at around $ 70 billion and is currently still worth around $ 52 billion on the stock exchange.
Doordash and Airbnb have lost around 20 percent since their peak
The share of Airbnb has also fallen significantly recently.
The apartment broker's share price, which started at an issue price of $ 68 per share, had more than doubled its market value when it launched on the Nasdaq.
The share started at an initial price of $ 146 - the stock market value of Airbnb broke through the $ 100 billion mark right from the start.
For comparison: In Germany, there are currently only three companies with SAP, Siemens and Linde that are rated higher.
Meanwhile, Airbnb's share price has fallen by almost 20 percent, the share price is hovering around the $ 120 mark, and the company's valuation is currently around $ 85 billion.
But this profit-taking is also manageable - compared to the issue price, the plus is still around 90 percent.
Airbnb CEO
Brian Chesky
(39) can be satisfied: Despite the corona crisis, which has also hit the business of the tourism platform, investors have rushed to buy shares in the housing broker and see strong growth opportunities again for 2021.
Abcellera gives way - and remains very expensive
The profit-taking at the Canadian biotech company Abcellera, in which the German investors
Peter Thiel
(53) and
Christian Angermayer
(42) also
hold shares, were even clearer
.
The stock had been issued at a price of $ 20 and climbed to $ 71 on the first day of trading at the premiere in New York.
The price had more than tripled. Large investors had ordered around twenty times as many shares at an issue price of $ 20 as had been offered by the company through a capital increase.
Meanwhile, the share price has fallen from the high by around 30 percent to $ 46.
Abcellera is still valued at around dollars, subscribers to the stock have still more than doubled their stake.
Even the issue price of Abcellera, which the major investors paid for the capital increase, was well above the original price range of 14 to 16 dollars.
The issue volume of the offered shares from a capital increase rose to 555 million dollars.
The market value of the old shares was measured at $ 5.86 billion.
The company is now valued at more than $ 10 billion.
At the end of November, manager magazin exclusively reported on the planned IPO at a valuation of four to five billion dollars.
The Covid-19 pandemic remains the determining topic for the three highly rated newcomers to the stock exchange: While Doordash as a food delivery service benefits directly from a lockdown and is considered a corona winner, Airbnb has to bet that the travel business will soon recover in the summer.
However, Airbnb is also benefiting from the hotel closings - those who still have to travel now often switch to private accommodation.
Finally, Abcellera, like Doordash, is a direct corona profiteer: In addition to the hope of developing effective drugs against Covid-19, the company also offers the trending topic of artificial intelligence as an investor story.
The owners also include the Presight Capital fund, which the German venture financier
Christian Angermayer
(42) started in mid-2019.
Its investor group is a
motley mix
: For example, the actress
Uma Thurman
(50; "Pulp Fiction") gave money, as did the hedge fund manager
Mike Novogratz
(55) and the Schadeberg family of brewers (Krombacher).
Judging by the ratings of the banks, they have already multiplied their use at Abcellera.
Thiel, Presight Capital, and other donors got in with $ 105 million in May.
la / mmo
