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All we’ll talk about is AirBNB ($ABNB)

The most anticipated IPO of the year, if not the decade, debuts on Dec 10, 2020.

The Prospectus starts with a story - how two people turned a concept into an experience built on “connection”. And what a connection they’ve forged over the years! With almost $38billion in gross bookings in 2019, the company is giving 100 year hotel brands a run for their money.

I’ll admit I was skeptical. I’ve since reconsidered seeing AirBNB’s phenomenal response to the crisis this year. With a valuation of $30bln, I see a bargain with valuation crossing $53bln in two years; that’s my math.

While speculators will no doubt drive momentum over fundamentals, there’s still a strong story once the dust settles.

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