Airbnb's (NASDAQ: ABNB) December IPO comes at a calculated time. The coronavirus pandemic has battered the tourism industry, sending the peer-to-peer accommodation company's revenue down 32% year over year to $2.5 billion and expanding its operating loss to $490 million in the nine months ending September 2020.
The public listing gave Airbnb a much-needed capital infusion of $3.5 billion and allowed early investors to cash out of their positions. But with a market cap of $101 billion at the time of writing, new investors could be left holding the bag if Airbnb doesn't live up to the market's lofty expectations.
Let's dig deeper to see if the stock is worth adding to your portfolio.
Source Fool.com