Shares & Derivatives
Airbnb Stock IPO: Resilient or Rocky Road Ahead?
By Dr Wealth  •  November 24, 2020
Airbnb’s long-overdue plans to go public is finally a step closer to becoming reality as the company officially filed its S-1 on 16th November. The popular vacation rental platform company originally planned a late 2019 or early 2020 IPO, but was thrown into an existential crisis when the global travel and tourism industry took a massive hit from the COVID-19 pandemic. Reports now suggest that the IPO will likely happen somewhere between early to mid December. What to make of this highly-anticipated IPO? If you’re not inclined to read the over-349 pages of prospectus filing, I’ve provided a breakdown below as well as some of my own insights and analysis! IPO Overview Here are some notable details about the upcoming Airbnb IPO:
  • Airbnb will list on the Nasdaq exchange, with ticker symbol “ABNB”
  • Listing is via a traditional IPO, expected between early to mid December 2020
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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
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