{"id":2959,"date":"2017-09-15T09:10:26","date_gmt":"2017-09-15T13:10:26","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=2959"},"modified":"2017-09-15T09:10:26","modified_gmt":"2017-09-15T13:10:26","slug":"despegar-com-ipo-preview","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/despegar-com-ipo-preview\/","title":{"rendered":"Despegar.Com IPO Preview"},"content":{"rendered":"<p><a href=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2017\/09\/Screen-Shot-2017-09-14-at-12.06.11-PM.png\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-2960\" src=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2017\/09\/Screen-Shot-2017-09-14-at-12.06.11-PM.png\" alt=\"Screen Shot 2017-09-14 at 12.06.11 PM\" width=\"114\" height=\"98\" \/><\/a><\/p>\n<p>Company: <strong>Despegar.com, Corp.<\/strong><br \/>\nSymbol: DESP<br \/>\nDescription: They are the leading online travel company in Latin America, known by our two brands, Despegar, our global brand, and Decolar, our Brazilian brand.<br \/>\nShares: 12.8 million<br \/>\nRange: $23.00-$26.00<br \/>\nTrade Date: 9\/20<br \/>\nUnderwriter(s): Morgan Stanley, Citigroup<br \/>\nCo-Manager(s): Itau BBA, UBS Investment Bank, Cowen, KeyBanc Capital Markets<\/p>\n<p><strong><a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1703141\/000119312517278641\/d425250df1a.htm\" target=\"_blank\">Link to S-1\/A Prospectus<\/a><\/strong><\/p>\n<p><strong><a href=\"http:\/\/www.retailroadshow.com\/wp\/roadshows.asp\" target=\"_blank\">Link to Retail Roadshow<\/a><\/strong><\/p>\n<p><strong>Business<\/strong>:\u00a0They have a comprehensive product offering, including airline tickets, packages, hotels and other travel-related products, which enables consumers to find, compare, plan and purchase travel products easily through their\u00a0marketplace.\u00a0They\u00a0provide their network of travel suppliers a technology platform for managing the distribution of their products and access to their\u00a0users. They\u00a0believe that their\u00a0focus on the underpenetrated Latin American online travel market, their\u00a0knowledge of the consumer and supplier landscape and their ability to manage the business successfully through economic cycles will allow them\u00a0to continue our industry leadership.<\/p>\n<p><b>Financials<\/b><strong>:\u00a0<\/strong>In the six months ended June\u00a030, 2017 and the year ended December 31, 2016, they had approximately 2.5 million and 4.0 million customers, generating $248.5 million and $411.2 million in revenue, respectively. Their\u00a0gross bookings were $2.1 billion and $3.3 billion in the six month ended June 30, 2017 and the year ended December\u00a031, 2016, respectively.<\/p>\n<p><a href=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2017\/09\/Screen-Shot-2017-09-14-at-12.10.06-PM.png\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-2961\" src=\"http:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2017\/09\/Screen-Shot-2017-09-14-at-12.10.06-PM.png\" alt=\"DespegarFinancials\" width=\"1524\" height=\"777\" srcset=\"https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2017\/09\/Screen-Shot-2017-09-14-at-12.10.06-PM.png 1524w, https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2017\/09\/Screen-Shot-2017-09-14-at-12.10.06-PM-600x306.png 600w, https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2017\/09\/Screen-Shot-2017-09-14-at-12.10.06-PM-300x153.png 300w, https:\/\/www.ipoboutique.com\/blog\/wp-content\/uploads\/2017\/09\/Screen-Shot-2017-09-14-at-12.10.06-PM-1024x522.png 1024w\" sizes=\"(max-width: 1524px) 100vw, 1524px\" \/><\/a><\/p>\n<p><strong>Competition and Sector Performance:\u00a0<\/strong><\/p>\n<ul>\n<li>Booking.Com (subsidiary of Priceline) &#8212; PCLN up 29% in last 52-weeks<\/li>\n<li>Expedia Inc &#8212; EXPE up 30$ in last 52 weeks<\/li>\n<li>Google &#8211; \u00a0GOOGL up 18% in last 52 weeks<\/li>\n<li>Airbnb &#8211; Private &#8216;unicorn&#8217; with valuation with $31bn valuation<\/li>\n<li>CVC Brasil Operadora &#8211; Up roughly 75% in last year on the BVMF exchange<\/li>\n<\/ul>\n<p><strong>Book-Building Status<\/strong>: The way the book comes together during the week of the roadshow is the most critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.<\/p>\n<p><a href=\"https:\/\/www.ipoboutique.com\/Subscribe.html\">IPO Boutique subscription clients receive daily updates on this critical information.<\/a><\/p>\n<p><strong>Conclusion<\/strong>: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a\u00a0<a href=\"https:\/\/www.ipoboutique.com\/cgi\/ipo-track-record-summary-report.php\">track record<\/a>\u00a0with our performance for last 12 years at our website.<\/p>\n<p>Indicate with confidence,\u00a0<a href=\"https:\/\/www.ipoboutique.com\/Subscribe.html\">SUBSCRIBE<\/a>\u00a0today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company: Despegar.com, Corp. Symbol: DESP Description: They are the leading online travel company in Latin America, known by our two brands, Despegar, our global brand, and Decolar, our Brazilian brand. Shares: 12.8 million Range: $23.00-$26.00 Trade Date: 9\/20 Underwriter(s): Morgan Stanley, Citigroup Co-Manager(s): Itau BBA, UBS Investment Bank, Cowen, KeyBanc Capital Markets Link to S-1\/A[&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[24],"tags":[1327],"class_list":["post-2959","post","type-post","status-publish","format-standard","hentry","category-ipo","tag-desp"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=2959"}],"version-history":[{"count":2,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2959\/revisions"}],"predecessor-version":[{"id":2970,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2959\/revisions\/2970"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=2959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=2959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=2959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}