Travel IPOs to Watch for in 2021
Photo Credit: A traveler drives a car rented from another person via the marketplace Turo, a startup that aims to become a public company in 2021. Turo
Skift Take
Enthusiasm for IPOs is booming in the wake of Airbnb's sensational debut as a public company. But only a handful of startups, possibly including Turo, Traveloka, Yanolja, Gett, Tujia, SiteMinder, Sonder, and Vacasa, may have enough positive growth in 2021 to woo investors.
Investor enthusiasm for initial public offerings hit records in 2020, with the most listings in the U.S. since 1999. Euphoria about Airbnb's debut as a public company in December may benefit other travel startups, such as Turo, Yanolja, Traveloka, Gett, Vacasa, Sonder, TripActions, Tujia, SiteMinder, and FlixMobility, which appear to be considering stock market debuts in 2021 or 2022.
A handful of travel startups as a category may eye potential public listings in 2021 as a way to shore up their finances during the crisis. Recent pandemic-related underperformance may not turn off all investors.
"In the travel sector, investors pay attention both to short-term losses due to the Covid 19-related drop in travel, but also future profit potential," said Jay Ritter, a finance professor at the University of Florida's Warrington College of Business.
Yet most travel companies have seen their profitability wilt during the pandemic. That means they lack the impressive growth rebound that
