Thoughts on AirBNB IPO?

« Back to Previous Page
▲
0
▼
♥ 0

What are you thoughts on the upcoming AirBNB IPO this week? Looks like there is plenty of demand as they are increased their list price today. Are either of you thinking of participating and if so what is your strategy for setting a target buy price? My brokerage (CIBC IE) only allows market orders on IPOs.

Marked as spam
Asked on December 7, 2020 12:27 pm
0 views
▲
0
▼
✔
Private answer

Hi there,

As Canadians, we are not able to participate in US offerings - so we will not be participating. This means, that we would have to place a market order on the day of IPO. Given the strong demand for AirBNB shares, i'd expect this to open at a hefty premium and as such, is not one I would go chase in the early days of their IPO.

Mat

Marked as spam
Posted by Mathieu Litalien
Answered on December 8, 2020 4:54 am
« Back to Previous Page