Airbnb IPO (ABNB)

Dec 5th, 2020 6:29 pm

#1

mikolyyyy [OP]: Sr. Member; Jan 25, 2015; 949 posts; 600 upvotes; Toronto, ON

Dec 5th, 2020 6:29 pm

So is anyone planning to buy the IPO???

Expected to trade in the range of $44 to $50 USD which is roughly a market evaluation of 30 billion with expected revenue of 3.3 billion which is pretty steep. Might start with a small position then add more IF the dust settles. $40 and under would be nice but with how hot IPOs have been nowadays that may be tough to get.

Dec 5th, 2020 9:31 pm

#2

neltron3030: Deal Addict; Oct 3, 2007; 3181 posts; 523 upvotes

Dec 5th, 2020 9:31 pm

It won't hit the market anywhere close to that price. I am guessing $70-$75 once it reaches retail investors.

Portraits and Cityscapes

Dec 7th, 2020 10:39 am

#3

GalvToronto: Deal Addict; Mar 20, 2017; 1370 posts; 1165 upvotes

Dec 7th, 2020 10:39 am

Happening on Wednesday, December 9th, gonna be interesting.
Fair to say all other events in real estate last months are peanuts compared to this one.

0

Dec 7th, 2020 11:06 am

#4

RichmondCA: Deal Addict; Mar 2, 2017; 3623 posts; 7101 upvotes; Toronto/Markham

Dec 7th, 2020 11:06 am

AirBnb is here to stay, I hate being the peasant retail investor that tries to get scraps post IPO, but I am pretty tempted to buy in after the initial sell off.

RE Broker

+1

Dec 7th, 2020 11:23 am

#5

sircheersa: Deal Expert; Feb 22, 2011; 15240 posts; 19524 upvotes; Toronto

Dec 7th, 2020 11:23 am

Government is taxing it now, they basically legitimized it as a business in Canada. It's not going anywhere.

Dec 7th, 2020 11:32 am

#6

GalvToronto: Deal Addict; Mar 20, 2017; 1370 posts; 1165 upvotes

Dec 7th, 2020 11:32 am

sircheersa wrote: ↑ Government is taxing it now, they basically legitimized it as a business in Canada. It's not going anywhere.

AirBnb is much bigger than just relation with Canadian government.
It is a global company. Even complete ban in Canada doesn't matter much on a global scale.

+1

Dec 7th, 2020 11:39 am

#7

sircheersa: Deal Expert; Feb 22, 2011; 15240 posts; 19524 upvotes; Toronto

Dec 7th, 2020 11:39 am

GalvToronto wrote: ↑ AirBnb is much bigger than just relation with Canadian government.
It is a global company. Even complete ban in Canada doesn't matter much on a global scale.

Yea but this is a Canadian real estate forum so conversation would generally be about Canada and real estate.

Dec 7th, 2020 2:06 pm

#8

tigerdemi: Member; Jul 24, 2014; 341 posts; 132 upvotes; Toronto, ON

Dec 7th, 2020 2:06 pm

I am interested but will buy probably in week 2 or 3

Index Fund vs Individual Stock..."tigerdemi is a great man" tigerdemi said to himself in his dream.

Dec 7th, 2020 3:38 pm

#9

LonesomeDove: Deal Guru; Jun 1, 2006; 12607 posts; 15803 upvotes

Dec 7th, 2020 3:38 pm

https://www.barrons.com/articles/marvel ... 1607033713

Airbnb on Monday increased the price range for its highly anticipated initial public offering, just days before shares of the home-sharing platform are scheduled to begin trading.

The higher price range indicates strong demand for the IPO. Airbnb now plans to sell 51,551,723 class A shares at $56 to $60 a share, according to a revised prospectus. This compares with the 51,914,894 shares at $44 to $50 each that Airbnb filed to offer last week. At the top of the expected range, the San Francisco-based company could raise as much as $3.09 billion.

Have a nice day!

Dec 8th, 2020 3:21 am

#10

spartus123: Jr. Member; Dec 24, 2014; 159 posts; 85 upvotes; GVRD

Dec 8th, 2020 3:21 am

Duplicate thread already started
https://forums.redflagdeals.com/airbnb- ... b-2426870/

Dec 8th, 2020 8:00 am

#11

admiralackbar: Deal Addict; Dec 4, 2011; 2488 posts; 2650 upvotes; Montréal

Dec 8th, 2020 8:00 am

Would love to own it but this thing is going to open 80-90

Going to try to get it on the inevitable dip but may be hard on this one. May dip my toes in at the start and build from there

Dec 8th, 2020 9:35 pm

#12

Jonavin: Deal Addict; May 19, 2005; 4682 posts; 1399 upvotes; Markham

Dec 8th, 2020 9:35 pm

I’ll buy when insiders cash out at 40-ish.

Some people just don't get that online forum posts shouldn't always be taken seriously.

Dec 8th, 2020 10:01 pm

#13

1xTiMeR: Deal Fanatic; Apr 25, 2006; 8201 posts; 3335 upvotes

Dec 8th, 2020 10:01 pm

The best part of their business model is that they use OTHER people's assets (homes) to generate the income. Low risk revenue stream, unlimited upside, big brand name and popular company.

I am sure their YOY revenue has only gone up besides the covid period and can be considered a growth company.

Sure it's expensive even when it opens. Eventually, its going to be higher than IPO price eventually - may be month, years, or just mere weeks away.

Airbnb is disrupting a very mature hotel industry with, you guessed it, technology! Technology everyone has access to via apps and phones which are unreplaceable.

Edit: https://www.businessofapps.com/data/airbnb-statistics/

I just hope they don't trade like Uber or Lyft. They have very similar biz models.

They also have some debt: https://www.reuters.com/article/us-airb ... SKCN21W37H

"If you make a mistake but then change your ways, it is like never having made a mistake at all" - Confucius

+2

Dec 9th, 2020 8:07 am

#14

gogoblender: Deal Addict; Oct 7, 2012; 1944 posts; 636 upvotes; Montreal

Dec 9th, 2020 8:07 am

Is this on sale for Canadians tomorrow?

Dec 9th, 2020 9:57 am

#15

admiralackbar: Deal Addict; Dec 4, 2011; 2488 posts; 2650 upvotes; Montréal

Dec 9th, 2020 9:57 am

gogoblender wrote: ↑ Is this on sale for Canadians tomorrow?

Just like any other stock that you can buy on the NASDAQ every day of the year. Except you will have to pay to play if you want to buy tomorrow. Buyer beware unless you know what you are doing buying an IPO on the first day.

+1

Dec 9th, 2020 10:01 am

#16

gogoblender: Deal Addict; Oct 7, 2012; 1944 posts; 636 upvotes; Montreal

Dec 9th, 2020 10:01 am

I tried to buy beyond meat on first day but questrade wouldnt let me
next day I got bid successfully in the morning

Dec 9th, 2020 10:04 am

#17

gogoblender: Deal Addict; Oct 7, 2012; 1944 posts; 636 upvotes; Montreal

Dec 9th, 2020 10:04 am

I think its only going on sale for canadians tomorrow

https://www.reddit.com/r/PersonalFinanc ... adian_how/

Dec 9th, 2020 10:57 am

#18

admiralackbar: Deal Addict; Dec 4, 2011; 2488 posts; 2650 upvotes; Montréal

Dec 9th, 2020 10:57 am

It works the same in Canada and the US, the IPO price for ABNB will be set later today and everyone can buy shares tomorrow the 10th. Just like everyone can buy DoorDash today. There is no separate date for Canadians, how would that even work?

+2

Dec 9th, 2020 1:15 pm

#19

admiralackbar: Deal Addict; Dec 4, 2011; 2488 posts; 2650 upvotes; Montréal

Dec 9th, 2020 1:15 pm

Yeah I am going to sit this one out kids, will go in at some point but if DASH is any indication it is going to be sky high tomorrow! Good luck out there!

Dec 9th, 2020 7:05 pm

#20

Kayvan83: Jr. Member; Apr 12, 2019; 197 posts; 173 upvotes

Dec 9th, 2020 7:05 pm

They just set their lovely price at $ 68, it will be impossible to enter at $68 first thing tomorrow morning, if you lucky maybe at $ 100! Price offering is tonight between 7:30 to 12