Finance

Airbnb’s IPO pops — Silver Lake’s big bet pays off — Fintech rebrands with help of fashion expert

Yet another big day in public markets as Airbnb made its debut, popping 115%! The spike was so big it even left Airbnb CEO Brian Chesky speechless

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Silver Lake’s big bet on Airbnb pays off

egon durban silver lake

Egon Durban keeps an eye on a Silver Lake investment, watching from the stands as soccer team Manchester City plays a game.
Andrew Yates/Reuters

In the wake of Airbnb going public, Dakin Campbell has a nice look at a couple of firms that are notching big gains. 

Silver Lake Partners and Sixth Street Partners made a big bet on Airbnb, loaning the company $1 billion during the height of the pandemic. Part of the deal included an equity kicker, which is quite valuable now. 

Get the full rundown of the deal and how the firms made out. 

Click here to read the entire story.


Here’s how much massive money managers like Fidelity and Principal are up from their original bets on Airbnb

airbnb cofounders Nathan Blecharczyk, Joe Gebbia, Brian Chesky

Airbnb Founders CTO Nathan Blecharczyk, Chief Product Officer Joe Gebbia and CEO Brian Chesky speak onstage during the “Introducing Trips” Reveal at Airbnb Open LA on November 17, 2016 in Los Angeles, California.
Mike Windle/Getty Images

Speaking of big winners from the Airbnb IPO, Bradley Saacks with a nice story on how well mutual funds did. He’s got the breakdown on how managers like Fidelity, Principal, and Hartford fared. Read the whole story here


Stash’s new chief creative officer wants to build a lifestyle brand

Stash Chief Creative Officer Chidi Achara

Stash Chief Creative Officer Chidi Achara
Stash

Here’s an interesting one out of Carter Johnson. Chidi Achara doesn’t cut the profile of what you’d expect for someone at a fintech, having spent a career in fashion. But he’s tasked with the rebrand at Stash. Read more here


Odd lots:

The Essex Boys: How Nine Traders Hit a Gusher With Negative Oil (Bloomberg)

SPAC Costs Are ‘Far Higher’ Than Previously Realized, Study Finds (II)

Keeping Up Appearances: FAs Struggle with Pressure to Look Successful (Financial Advisor IQ)

M&A Bankers Won’t Get Long Christmas Break, JPMorgan Says (Mergers & Acquisitions)

Corporate America’s Borrowing Binge May Be Ending (WSJ)

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