Poll: U-4-IPO? 💸
In this week’s poll, we asked Invstrs which upcoming IPO will they be staking their savings on?
Not surprisingly, Airbnb nailed down 47% of the votes. Could it be that these votes are simply skewed in favor of the best-known companies rather than sound company fundamentals?
As the most well-known and widely used app, it makes sense that Airbnb came in first, according to that logic. Think about the effects the pandemic had on travel demand. At this moment in time, who’s to say that Airbnb is in an amazing place financially?
A quarter of voters decided to take a pass this time around which makes sense given the lesser well-known names like Eaze and Deliveroo. Still, Invstrs must always remain attentive to a company’s health regardless of how small or big the company’s brand is.
For the ones who picked “I’ll take a rain check”, it’s worth asking what stocks or events are they holding off for? To be fair, based on what we’ve seen in 2020 so far may have influenced some people to be more selective about their investment options. It will be interesting to see where the world stands at the launch of these IPOs.