Renaissance Capital's Smith on Airbnb, 2020 IPOs

The video discusses Airbnb's financial challenges and recovery during the pandemic, highlighting its restructuring efforts and strategic focus on core business. It also covers the surge in IPOs, with companies like DoorDash and Affirm leading the way, and anticipates continued strong IPO activity into 2021.

What was the percentage drop in revenue for the company during the September quarter?

• 80%

• 60%

• 50%

• 70%

What was one of the measures taken by the company to recover from the pandemic hit?

• Launched new products

• Expanded marketing spend

• Increased workforce

• Cut 25% of workforce

What strategic change did Airbnb make during its restructuring?

• Launched new experimental ventures

• Increased marketing spend

• Focused on home and apartment sharing

• Expanded into new markets

What percentage of the vacation rental market did Airbnb capture in 12 years?

• 20%

• 10%

• 15%

• 25%

Which company is expected to have a $2 billion IPO?

• Wish

• Affirm

• DoorDash

• Expedia

Which index showed an 80% increase, indicating strong investor interest in IPOs?

• NASDAQ Composite

• S&P 500

• Renaissance IPO Index

• Dow Jones Industrial Average

What is the expected trend for IPO activity in 2021?

• Continue to increase with strong returns

• Stagnate due to economic uncertainty

• Decline with administration changes

• Decrease due to market saturation