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ABNB (Airbnb) raises IPO to $56-$60 per share

Posted on 12/7/20 at 11:58 am
Posted by msutiger
Houston
Member since Jul 2008
71363 posts
Posted on 12/7/20 at 11:58 am
(no message)
This post was edited on 4/3/23 at 3:43 am
Posted by castorinho
13623 posts
Member since Nov 2010
86327 posts
Posted on 12/7/20 at 12:14 pm to
Retail investors about to get wrecked when it opens at $85 and starts bleeding
Posted by msutiger
Houston
Member since Jul 2008
71363 posts
Posted on 12/7/20 at 12:22 pm to
Snowflake round two
Posted by PillPusher
Gulf Coast
Member since Oct 2009
5921 posts
Posted on 12/7/20 at 12:30 pm to
quote:

Snowflake round two


I would take about a 100% gain in less than a month.
Posted by castorinho
13623 posts
Member since Nov 2010
86327 posts
Posted on 12/7/20 at 12:30 pm to
quote:

Snowflake round two
if those people held, they did OK.
Posted by cgrand
HAMMOND
Member since Oct 2009
46382 posts
Posted on 12/7/20 at 12:39 pm to
what SNOW (and others) have shown is that the worst day to buy is at IPO. wait a month or so and you can gain a better entry
Posted by castorinho
13623 posts
Member since Nov 2010
86327 posts
Posted on 12/7/20 at 12:44 pm to
I actually had a buy order that day at I think 170? Or somewhere there. Then it blew past that and I said frick that, even though I wanted in for the long haul. And while it did settle, it never really got to a point I was comfortable with
Posted by hiltacular
NYC
Member since Jan 2011
20111 posts
Posted on 12/7/20 at 12:53 pm to
Probably going to avoid this one but it will very interesting to watch
Posted by tigersint
Lafayette
Member since Nov 2012
3568 posts
Posted on 12/7/20 at 6:24 pm to
What is an ideal target price to buy AirBnB at?
Posted by LSUneaux
Metairie and MAGA AF
Member since Mar 2014
4785 posts
Posted on 12/7/20 at 6:46 pm to
quote:

What is an ideal target price to buy AirBnB at?


I’d like to know as well. I’ve been wanting to get in on the “ground floor” for retail investors as well.
Posted by 1sentenceshort
Member since Dec 2020
27 posts
Posted on 12/7/20 at 7:22 pm to
Legit see it as a cant miss.
What am I missing here?
Posted by tigersint
Lafayette
Member since Nov 2012
3568 posts
Posted on 12/7/20 at 7:30 pm to
Im hoping to snatch up 50 shares. Is $60-75 a good target range?

Holding long term.
This post was edited on 12/7/20 at 7:31 pm
Posted by baldona
Florida
Member since Feb 2016
23312 posts
Posted on 12/7/20 at 8:06 pm to
quote:

Legit see it as a cant miss.
What am I missing here?



Lot of competition in that space and I just don’t really see a ton of growth for them personally. I’m sure I’ll be wrong, and it’s a well known brand so I’m sure there will be some name growth alone. I personally just don’t like service only brands like food delivery. There’s only so much you can do before you are out priced or competition develops.
Posted by LSU1018
Baton Rouge
Member since Feb 2007
7360 posts
Posted on 12/7/20 at 10:04 pm to
I could see someone like Zillow entering the space with their platform.
Posted by 1sentenceshort
Member since Dec 2020
27 posts
Posted on 12/8/20 at 7:02 am to
What attracts me the most is that ABNB is world wide so it isnt limited to the US market. On top of that, they turned a profit in pandemic.
Posted by cgrand
HAMMOND
Member since Oct 2009
46382 posts
Posted on 12/8/20 at 7:25 am to
they leaned hard on their property owners to turn that profit.
however they did do an excellent job in pivoting quickly to extended stays for reasons other than pleasure travel

also, “Airbnb” is now a verb and a noun. Those types of companies tend to have staying power and become the standard bearers in their market. I don’t see much catastrophic risk in investing here, just be patient if you get in early
Posted by hiltacular
NYC
Member since Jan 2011
20111 posts
Posted on 12/8/20 at 8:58 am to
quote:

Legit see it as a cant miss.
What am I missing here?


Regulations/taxes on these types of rentals are only going to increase. Competition from other companies is only going to increase. A lot of exposure to parties,illegal activity, illegal listings damaging their brand. Consumer getting turned off by the fee structure. At the end of the day they are a glorified middle man.

With all of this said, I think the bullish case outweighs the bearish one. The international growth I think is where they will really succeed. Much more lax on these types of things overseas.
Posted by AA7
Birmingham, AL
Member since Nov 2009
28427 posts
Posted on 12/8/20 at 9:03 am to
quote:

also, “Airbnb” is now a verb and a nou

This is probably the main reason I would get into ABNB. When staying in anything other than a hotel, everyone assumes you used Airbnb. VRBO and other rental companies don't have near the brand. Regulations are probably the biggest concern though. With that said, I plan on snagging some up shortly after the IPO.
Posted by baldona
Florida
Member since Feb 2016
23312 posts
Posted on 12/8/20 at 9:59 am to
quote:

On top of that, they turned a profit in pandemic.


You sure about that? I don't think that's the case. They have let go a significant portion of their staff, at least 25% if not more this year.
Posted by castorinho
13623 posts
Member since Nov 2010
86327 posts
Posted on 12/10/20 at 8:43 am to
quote:

They have let go a significant portion of their staff, at least 25% if not more this year.

I don't know whether his claim is true, but your argument here is not good. Cutting costs (layoffs) helps if you're trying to turn a profit. Not the other way around.




Everyone put your guess on what price this hits the market. I am going with $120
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