Here’s the Only Smart Way to Play the Airbnb IPO

It's been a record-setting summer for IPOs. Vroom Inc., Lemonade Inc., and BigCommerce Holdings Inc. all soared on their initial public offering debuts. Then came the record-setter, Snowflake Inc. - the largest U.S. software IPO and the biggest company ever to double in value on its opening day. So this profit-rich, success-soaked moment is opportune for Airbnb, the vacation-rental "unicorn" that's a heavy favorite to go public by the end of 2020. Good thing, too (for Airbnb). The company's had a rough year, to put it mildly. The company slashed headcount by a quarter back in May, and, as The Wall Street Journal reported, saw its valuation plummet from $31 billion to $18 billion - a rare occurrence for such a celebrated private firm. So investors are feeling bullish about this company once again, including yours truly - I do think this is going to be a good long-term investment. Still, this may not be a slam-dunk IPO á la Zoom. It would be a pricey mistake to rush out and grab the first shares that hit the market. Grab them at the wrong time - the wrong price - and you could be looking at a long, long trip back to the "plus" side of the ledger. This is going to take some strategizing, like so... Full Story The post Here’s the Only Smart Way to Play the Airbnb IPO appeared first on Money Morning - We Make Investing Profitable . This is going to take some strategizing, like so... To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.