Airbnb to offer luxury property rentals

The US property rental service & hospitality platform Airbnb said today that it has launched a luxury property service for its customers.

This new service “Airbnb Luxe” offers 2000 new listings from entire islands to castles and mansions and the prices range from 14000 dollars a week average to 1 million dollars a week for a private atoll near Tahiti with a staff of 50.

This new rental service include also VIP service. – From personal chefs to massage therapists, a local team of professionals has you covered, the company says.

According to the company the luxury rental property market has not offered security for high-profile and mega-rich clients before, Bloomberg News says.  This new service will include the total wellbeing.

The company takes a percentage of the cost of each booking and the company is valued at 31 billion dollars before the initial public offering, perhaps next year.

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US IPOs are expected to continue- WSJ

The recent ride-hailing IPOs have not caused the delaying of other IPOs in the row, writes the Wall Street Journal today. Although the Uber (Uber)  and Lyft (Lyft) share prices are down 7 % and 25 % respectively from their IPO prices, the IPO window is still open.

The newspaper reminds that for example Zoom Video Communications (ZM) and the plant based protein food producer Beyond Meet (BYND) were up 150 % and 257 % from their offerings. Pinterest (PINS) fell on Friday after the quarterly report, but it is up 41 from its IPO level.

Other listings on Friday, the content delivery company Fastly (FSLY) ended nearly up 50 % to 23,99 dollars and the Chinese “Starbucks coffee” Luckin Coffee (LK) also had a strong market debut.

According to WSJ and Dealogic, the IPO May listings totalled so far 15,22 billion dollars, while the sum was 6,23 billion dollars in April and 4,79 billion dollars in March.

Companies, that are still on the pipeline, are for example cybersecurity Crowd Stick and messaging company Slack Technologies, hotel reservations Airbnb and office space rental company WeWork.

On Friday the SP& 500 index ended down 0,58 % to 2859 points, the Dow Jones ended down 0,38 % to 25 764 points and Nasdaq down 1,04 %  to 7816 points.

In Asia the Nikkei rose 0,89 % to 21 250 points in Tokyo, while in Hong Kong the Hang Seng index went down 1,16 % to 27 946 points.

In Europe, the German Dax-index ended down 0,58 % to 12 238 points and in London the FTSE 100 index also down 0,07 % to 7348 points.

The sterling traded at 1,27 dollars and at 1,139 euros. The US dollar was trading at 109,98 yens.

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Thyssenkrupp to make IPO of its elevator business

The German Thyssenkrupp (TKA) said on Friday that it will make an IPO of its elevator business. And also announced that the earlier plan to split the company to two parts to steel and elevators, will be dropped.

The company stock rose by 20,56 % to 13,65 euros in Frankfurt.

The company also mentioned that the joint venture with the India’s Tata Steel might end due to the blocking by the EU Commission.

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Stock markets decline before the Friday deadline in trade tariffs

The global stock markets were on sell-side and declined before the approaching deadline of the  US-China trade tariffs on Friday. The Wall Street opened by over 1 % decline today. Dow Jones was down 1,22 % to 25 649 points, S&P 500 index was down 1,13 % to 2847 points and technology index Nasdaq down 1,46 % to 7827 points.

In Europe the FTSE 100 index was down 0,65 % to 7223 points in London, the CAC 40-index was down 1,63 % to 5239 points in France and German DAX index down 1,30 % to 12021 points.

The euro was trading  at 1,11 dollars, the dollar was trading at 112 yens and sterling at 1,29 dollars. The yen climbed somewhat against dollar while the investors sought heavens before the Friday deadline.

According to Bloomberg News, the US trade deficit with China decreased to 28,3 billion dollars in March. If the trade talks fall, the US is said to lift the tariffs of Chinese goods valued 200 billion dollars to 25 % from 10 %.

Friday is also the IPO day for the US ride-hailing company Uber. It is expected that the listing the company is one of the biggest tech IPOs since Facebook and the company value is estimated to be around 90 billion dollars.

 

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Lyft expects 3,3 billion dollars revenue for 2019

The public listed company Lyft (LYFT) reveiled its results for the first quarter. According to the company,it made a 1,14 billion dollar loss for the period with the revenue of 776 million dollars. The company also estimated that the total year revenue would be 3,3 billion dollars.

Lyft also said that the net loss includes a 894 million dollars of stock-based compensation and payroll tax expenses in connection with the company IPO offering in March. The company raised 2 billion dollars in the listing process.

The company is having 30 million riders and 2 million drivers.The company stock was trading down 4,3% to 56,89 dollars on Wednesday.

The rival company Uber (UBER) is to have its IPO in the New York Stock Exchange on Friday.

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Uber self-driving unit gets 1 billion dollar investment

The self-driving unit of Uber has got one billion dollar investment. The company confirmed that three Japanese companies Denso, Toyota and Softbank have bought stakes in that unit. According to Bloomberg, the value of the unit is 7,25 billion dollars.

According to Uber the deal is expected to close during the third quarter. The company is also preparing for the IPO in May in New York.

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