What's going on moon gang, let's talk about initial public offerings, better known as an ipo in this video i will be explaining what an ipo is and then i'll be talking about the newest, ipos, doordash and airbnb before we get into all of that, though, if you're New to the channel, don't forget to join the moon game by hitting the subscribe button, and as always, if you enjoyed this video, it would be great if you could drop a like all that support really helps me out and now with that out of the way. Let's roll the tape, so what is an ipo? Basically, it's one way in which a private company can go public, as in people like you and i can invest in it. Ipos have two main phases. The first one involves underwriters, which are people like goldman sachs jpmorgan and morgan stanley and they're there to do things like due diligence, documentation and filing it with the sec, and then the second phase would be when the stock hits the public market.

There really isn't too much to it. So now you might be wondering why would a company want to go from private to public? There are many advantages and disadvantages, but the main advantage would be that it allows the company to raise capital from the public market and the main disadvantage would be that to be a publicly traded company. It requires a lot of time, effort and money that isn't necessarily related to the core business. So now that we have a better understanding of what ipos are, let's talk about the two newest ones: doordash and airbnb.

I'm filming this video on december 9th and earlier today right around 12 30 doordash, the food delivery, business ipod under the ticker symbol dash and as a quick reminder, airbnb will be ipointing tomorrow under the ticker symbol, a b and b doordash closed out its first day At 187 the high was 195 and the low was 163 large swings are associated with an ipo, and the volatility usually dies out after a couple weeks. I am pretty excited for tomorrow, because at this price level, that means that doordash has a market valuation. Around 58 billion and where it gets interesting, is that airbnb is set to ipo around 60, which would put that company around 42 billion, but airbnb is a much larger business, which means i'm expecting a huge swing in its stock tomorrow now to be fully transparent. I cannot tell you what doordash or airbnb will do over the next couple days, because ipos are notoriously unpredictable with that being said, though, i do believe that doordash is a beneficiary of the new stay-at-home economy and i believe that, once the global economy goes back to Normal airbnb will be a titan within its own industry, so i am bullish in the long term for both of these companies.

Now, let's do some q a this one comes from chase palmer, hey matt. One question i have is looking for grow stocks. How do i find them? Is there a list of things? I should look for thanks in advance. Hashtag moongang, absolutely love it.

These are great questions. Let me start with the second one. Is there a list of things i should look for personally, i would recommend thinking of an industry that you believe is doing well and will also continue to do well in the future. For example, i'm a big fan of both esports and cloud computing because right now, they're pretty popular, but i think they'll be even more popular years down the road.

So when you think of an industry like that, you would then look up all the publicly traded companies within that industry, and you would pick out your favorite that could be the one that's most profitable, or maybe it has the coolest technology, or maybe you just like The management team - or, of course you could always invest in an etf that tracks that industry as a whole - and this part brings us to the first question: how do i find them honestly? There are a lot of resources out there. Personally, i pay for bloomberg business. Insider and wall street journal, but with that being said, there's a ton of great free resources out there, such as fimvis. Once you go to finvis.com, you can get a lot of information for absolutely free.

You can see what's going on in some of the major indices. You can see some top gainers some top losers. This heat map is pretty cool, it's split up by sectors, technology, communications, consumer and then, if you're interested in a specific stock, you just type it in, and you get all the information for it here are the important metrics. You can see.

Price target upgrades downgrades. The recent news going on and if you go to the bottom, you can even see insiders buying and selling. I would highly recommend checking this website out, because there is a lot of information on it that can be accessed for completely free, which is probably why i use it on a daily basis. I really hope that this resource helps you out.

I would love to know your thoughts on both doordash and airbnb. Are you investing or are you staying away? If you have any questions that you would like me to answer in future, videos, please feel free to post those in a comment below and as always, if you enjoyed this video, don't forget to drop a like, and if you haven't already don't forget to join the Moon gang by hitting the subscribe button. All that support really helps me out if you're new to trading or, if you're looking for a new trading account, there's a link to the weeble trading platform. In the description of this video, the company is running a promotional deal where, if you sign up and make a deposit of 100, you will be awarded 4 free stocks.

So it's definitely worthwhile to check out thanks for watching and until next time. Best of luck in the markets, you.