Airbnb’s debut on public markets today saw the stock skyrocket over 100%, peaking at an all time high of $165. Alex breaks down why he thinks the newly public platform is too hot to buy at the moment and explains why he would wait a quarter before considering purchasing shares of ABNB stock. He also comments on Airbnb surpassing Booking Holdings Inc in value after $ABNB jumped from it’s $68 per share price set at its IPO Wednesday, December 9th. Alex compares Airbnb’s nights booked to Booking.com’s, highlighting that Airbnb will need to show some serious growth to live up to its new $86.5 billion valuation.
Originally Aired: 12/10/20
#Travel #AirbnbIPO #StockMarket
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