Equity Analyst, LightStream Research

Oshadhi Kumarasiri

An equity research analyst with over 7 years of experience in multiple sectors. Previously worked for one of the world's largest asset managers with about USD2.5trn in AUM, covering small and micro-cap companies in the consumer sphere across Europe and developed Asia. Also experienced in covering multiple industries including banking, insurance and asset management, retail, tech, telco and REIT.

Equity Analyst

Airbnb Pre-IPO – Travelling Down an Actual Path to Profitability

2020 IPOs Pipeline Worldwide (Top 100 Companies)

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Capital Markets

<ul>
<li>As <a href="https://www.smartkarma.com/entities/airbnb-inc" target="_blank" data-smartkarma-citation="entities:431:1" rel="noopener">Airbnb Inc (9865065Z US)</a> upped the IPO price range from $44-50 per share to $56-60 per share, we update our valuation and examine the company’s long-term prospects below.</li>
<li>Even though Airbnb is not exceedingly cheap at the new IPO price range, we believe there is still significant (9-27%) upside to Airbnb shares, even at the higher end of the IPO price range. Therefore, we continue to favour Airbnb and recommend subscribing to the IPO.</li>
</ul>


As Airbnb Inc (9865065Z US) upped the IPO price range from $44-50 per share to $56-60 per share, we update our valuation and examine the company’s long-term prospects below.
Even though Airbnb is not exceedingly cheap at the new IPO price range, we believe there is still significant (9-27%) upside to Airbnb shares, even at the higher end of the IPO price range. Therefore, we continue to favour Airbnb and recommend subscribing to the IPO.


Airbnb Upped the Price By 20-27%: Still Plenty of Value Left