Air BNB = $50billion

[Darts]

AirBNB IPO to-day which could value the company at $50 billion.

 

[decoy2673]

IPOs can get frothy, alot of momentum traders. I think long term wont be a great hold. they dont really provide anything truly unique, they're just middlemen between home owners and travellers.

 

[richaceg]

I highly doubt they're worth even half that...It has worked in the past but post covid...I would stay away...

 

[Darts]

Insane! The stock doubled in the first day of trading. Insiders cashing out?

 

[decoy2673]

Insane! The stock doubled in the first day of trading. Insiders cashing out?

they will. but insiders often have a lockup period (IE cant sell until 80 days after IPO) to prevent them from all dumping on the first day.