Should You Trade Airbnb (ABNB) and DoorDash (DASH) IPOs?
This is the week for the big IPO’s. This already in a year where IPOs have raised more than $160 billion. DoorDash Inc (NYSE:DASH) shares shot up 86% in its first day of trading amounting its market cap to a staggering $72 billion. For context that’s larger than Domino’s Pizza (NYSE: DPZ), Chipotle (NYSE: CMG), and Dunkin’ (NASDAQ: DNKN) combined.
Up next today: the home rental platform we are all familiar with (maybe less so during the COVID pandemic) Airbnb (NASDAQ: ABNB).
The company had a roller-coaster year where their global bookings dropped as low as 72% in April. This forced them to cut costs and a quarter of its workforce.
However, since April the company has seen a massive profit as people are looking to get away – especially to more rural areas.
Airbnb has priced its shares at $68 creating a total valuation of $47 billion.
There are more companies on deck this year to go public. Affirm, Roblox, and Wish to names some.
Watch the full interview to see of you should get a piece of these new IPO’s and what to look if investing.
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