My apologies in advance if you already read my little DD on Airbnb on WSB. I am not sure if both the groups have same audiences. I am also thinking of posting it on Stocks.
Airbnb has priced its IPO at $68 per share.
https://www.wsj.com/articles/airbnb...60-a-share-range-11607527468?mod=hp_lead_pos6
In all likelihood, the stock will open much higher than that. I think Airbnb is a great potential long term buy given that it's IPOing at the worst possible time for travel industry in general. This was the toughest year for Airbnb. Contrast this with DoorDash which had the best year because everyone was avoiding going out. Wall Street is short-sighted. It only sees 2020 revenues and makes foolish decisions. You can be smarter than that. Would you want to invest in a company about to become a travel behemoth and had the worst possible year and and only has good things to look forward to or would you invest in a food-delivery company whose pandemic-fueled, covid-inspired best year is already behind it.
Airbnb has already received a couple upgrades before the IPO.
Barrons had good things to say about it: https://www.barrons.com/articles/ai...its-stock-will-be-worth-the-price-51607120966
I am not a big fan of Scott Galloway but he wrote a neat article on Airbnb and its valuation: https://www.profgalloway.com/airbnballer
I was also impressed with how Brian Chesky handled the Covid pandemic and how Airbnb stepped up to help healthcare workers. Even during fires in states like California, I have seen Airbnb step-up to help first-responders and evacuees. Before the pandemic hit, Airbnb was expected to IPO at over $50B valuation. A conservative firm like Airbnb was valuing Airbnb at $53B - $65B back in 2018.
https://pitchbook.com/news/reports/...network-effect-offers-investors-a-unique-stay
In the pre-Covid era it was one of the rare profitable startups.
I don't know where it will open but anything under $100 is worth a very serious consideration. Just my 2 cents.
A bet on Airbnb is a bet on post-Covid recovery.
Airbnb has priced its IPO at $68 per share.
https://www.wsj.com/articles/airbnb...60-a-share-range-11607527468?mod=hp_lead_pos6
In all likelihood, the stock will open much higher than that. I think Airbnb is a great potential long term buy given that it's IPOing at the worst possible time for travel industry in general. This was the toughest year for Airbnb. Contrast this with DoorDash which had the best year because everyone was avoiding going out. Wall Street is short-sighted. It only sees 2020 revenues and makes foolish decisions. You can be smarter than that. Would you want to invest in a company about to become a travel behemoth and had the worst possible year and and only has good things to look forward to or would you invest in a food-delivery company whose pandemic-fueled, covid-inspired best year is already behind it.
Airbnb has already received a couple upgrades before the IPO.
Barrons had good things to say about it: https://www.barrons.com/articles/ai...its-stock-will-be-worth-the-price-51607120966
I am not a big fan of Scott Galloway but he wrote a neat article on Airbnb and its valuation: https://www.profgalloway.com/airbnballer
I was also impressed with how Brian Chesky handled the Covid pandemic and how Airbnb stepped up to help healthcare workers. Even during fires in states like California, I have seen Airbnb step-up to help first-responders and evacuees. Before the pandemic hit, Airbnb was expected to IPO at over $50B valuation. A conservative firm like Airbnb was valuing Airbnb at $53B - $65B back in 2018.
https://pitchbook.com/news/reports/...network-effect-offers-investors-a-unique-stay
In the pre-Covid era it was one of the rare profitable startups.
I don't know where it will open but anything under $100 is worth a very serious consideration. Just my 2 cents.
A bet on Airbnb is a bet on post-Covid recovery.