+9%

est. 2Y upside i

IPO

Rank

#3378

Sector

Online Travel Agency

Est. Liquidity

~4Y

Data Quality

Data: Medium

Despegar's equity story is materially complicated by the completed Prosus cash acquisition in May 2025 at $1.63B ($19.50/share) — the company is now a private subsidiary with no active secondary market and an opaque path to liquidity.

Last updated: May 5, 2026

Bull (18%)+60%

Prosus accelerates Despegar's expansion into US Hispanic and European markets, drives fintech revenue above 5% of mix, and achieves >20% revenue growth — triggering a re-IPO or strategic sale at ~$2.6B (approximately 3.4x projected 2027 revenue of ~$950M). Employee equity crystallizes at ~60% above the $1.63B Prosus acquisition valuation.

Base (50%)+15%

Despegar grows at ~10% CAGR under Prosus ownership, reaching ~$935M revenue by 2027 while maintaining profitability; no liquidity event materializes within the 2-year window. Notional equity value rises modestly to ~$1.87B at the current ~2.0x P/S multiple, but illiquidity means gains cannot be realized in the stated horizon.

Bear (32%)-30%

LatAm macro weakness and intensifying competition from Booking.com and Expedia compress take-rates; fare-fraud investigations in Brazil escalate into material regulatory fines or brand damage. Prosus marks down the asset toward ~$1.1B, leaving employee equity underwater relative to the $1.63B grant valuation.

Est. time to liquidity~4.0 years

Preference Stack Risk

high

Funding Intensity

20%

Total historical funding of $331M against the $1.63B Prosus acquisition price implies a ~20.3% historical preference ratio; Prosus's $1.63B acquisition cost now effectively sits as the senior economic claim above any new employee equity in any future exit scenario.

Dilution Risk

moderate

As a wholly-owned Prosus subsidiary, future dilution depends on the size of any new management equity pool and incremental capital injections by Prosus — both are opaque without a disclosed post-acquisition cap table.

Secondary Liquidity

limited

Despegar was delisted following the Prosus all-cash acquisition; no active secondary market exists for subsidiary equity, making near-term liquidity within a 2-year horizon effectively zero barring an extraordinary event.

IT & UX — 20 roles

Operations & Customer Service — 15 roles

HR — 2 roles

Legal — 2 roles

View all 164 open roles at Despegar →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Despegar's data — designed to show you've done your homework.

  • 1

    “What is Prosus's defined strategic roadmap for Despegar over the next 3 years — is there a specific timeline or valuation target for a re-listing or portfolio exit, and what milestones would trigger it?”

  • 2

    “What is the current revenue contribution and unit economics of the travel fintech segment, and what are the internal targets for 2026-2027 given its 15% growth rate?”

  • 3

    “How is employee equity structured post-acquisition — are grants denominated in Despegar subsidiary equity, cash-settled phantom units, or Prosus NV shares — and what specific events constitute a qualifying liquidity trigger for employee vesting?”

Community

Valuation Sentiment

Our model estimates +9% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.