Airbnb struggled in the immediate aftermath of the pandemic as travel came to a grinding halt. But as lockdowns eased, more travelers opted to book homes instead of hotels, helping Airbnb post a surprise profit for the third quarter. The San Francisco-based firm also gained from increased interest in renting homes away from major cities.
Airbnb made its IPO registration public earlier this month. Airbnb plans to list on Dec. These financial institutions distribute shares to large institutional investors at the IPO price , who then sell shares to smaller but still very large investors before the stock becomes available to the typical retail investor.
These institutions apportioned shares to large investors, who then offered the shares in a round of early auction trading that wasn't available to most of the public. Retail investors like me had to contend with the fact that they are at the bottom of the IPO food chain. The market for tech IPOs has been strong, and many companies saw their stocks bid well above their initial listing price before the average investor could get their hands on any shares. The following table looks at some other notable tech IPOs this year and compares their IPO price with their opening price when the stock finally began trading on the market:.
Data sources: company filings and Yahoo! Predictably, Airbnb followed suit. I'm still a big believer in the company, and the hype was tempting. But I opted not to buy in at a level that exceeded my target valuation, at least not to the extent I had planned. I wound up passing on Airbnb stock on its first day of trading, but I did purchase a very small number of shares the following day. I was able to buy significantly below opening-day trading prices, but my purchase was small enough to be largely symbolic.
However, I knew that I'd have been getting caught up in hype and ignoring my initial analysis if I went through with making a large investment in the company. My small purchase was a nod to the company's potential and a psychological anchor to provide extra motivation to follow the business closely and monitor ongoing opportunities to buy the stock. With companies having gone public on the U. The size of this year's IPO class surpassed the record previously set in , and more companies have opened trading at double their IPO price than any time since that much-studied year.
Analysts and market watchers have compared IPO trends across these record years and noted that was the height of the dot-com bubble, which raises some red flags. The case can be made that the tech economy is at a much more advanced stage than it was roughly two decades ago, while also having a future that's brighter than ever.
At the same time, it's clear that some valuations in the tech sector have become stretched, and investors buying on momentum has played a big role in IPO performance. I still love Airbnb as a company and rate its prospects higher than most of this year's other notable tech IPOs. Despite challenges brought on by the coronavirus pandemic, the business has a promising growth outlook. Strong gross margin, a leadership position in its service category, and unmatched brand strength point to huge potential.
On the other hand, I made the decision not to follow through with a large investment, because it would have meant throwing out key foundations of my investing thesis to chase market buzz. It's possible that Airbnb will go nowhere but up from current prices and that I'll come to regret my decision. However, restraint can be a virtue, and I'm confident that sticking to the principles that shaped my decision will lead to better long-term performance across my portfolio.
Cost basis and return based on previous market day close. Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of Discounted offers are only available to new members. Calculated by Time-Weighted Return since Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. Invest better with The Motley Fool.
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|Airbnb stock ipo date and time||Mirati is unlikely to carve out a share of the lung cancer market, analysts said Friday as MRTX stock collapsed on a testing disappointment. Qualcomm CEO Cristiano Amon weighs in on the outlook for the semiconductor industry and his company's future. In this article:. Calculated by Time-Weighted Return since The size of this year's IPO class surpassed the record previously set inand more companies have opened trading at double their IPO price than any time since that much-studied year. Plus, the company had been growing strongly leading up to the pandemic. And Airbnb still maintains a large base of hosts who offer their homes on the platforms, and guests who seek out lodging and experiences.|
|Airbnb stock ipo date and time||Early in Friday's trading session, Nikola shares were Airbnb said in its IPO prospectus the fund would benefit hosts through programs and grants. Airbnb made its IPO registration public earlier this month. Qualcomm CEO Cristiano Amon weighs in on the outlook for the semiconductor industry and his company's future. Image source: Airbnb.|
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Airbnb (NASDAQ: ABNB) has been trading on the Nasdaq exchange for almost 13 months now, having kicked off its initial public offering on. phisl.xyz › articles › if-you-invested-$in-airbnb-at-its-ipo-t. Airbnb filed on November 16, and set terms on December 1, The Airbnb IPO date is December 10, The offering consisted of almost.