Airbnb IPO could be the 'steal of the century' if people keep switching from hotels to homes, Jim Cramer says

CNBC

• Airbnb's upcoming stock-market debut could be a once-in-a-lifetime deal, "Mad Money" host Jim Cramer said on his Monday show.
• "Thanks to COVID-19, Airbnb is now the safest way to travel, which is why this IPO might end up being the steal of the century," he said.
• The home-sharing platform will benefit from people's fear of staying in hotels, face less resistance from embattled hotel chains, and attract more users as people rent out their homes for extra cash and travelers look for bargains, Cramer argued.
• "This turns out to be another one of those forever-changed businesses that's actually benefiting from COVID-19," he added.
• Visit Business Insider's homepage for more stories.

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Airbnb raised some eyebrows when it filed to go public last week, even as the pandemic continues to discourage global travel and depress demand on the home-sharing platform.

However, its stock-market debut could be a rare chance to buy into a world-beater at a discount, "Mad Money" host Jim Cramer said on his Monday show.

See the rest of the story at Business Insider

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