Should You Trade Airbnb (ABNB) and DoorDash (DASH) IPOs?

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Midas Letter

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Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.

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.

Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.