Why I Didn't Go All In On the Airbnb IPO

In an article published on Dec. 7, I named Airbnb (NASDAQ: ABNB) as my top initial public offering (IPO) stock to buy in December. It has been years since an IPO intrigued me so much, and I took the rare step of selling other stocks in my portfolio in order to buy more shares of the prominent online rental marketplace.

When the initial pricing range for the Airbnb IPO was announced, I planned to make its stock my biggest purchase of the year and one of my biggest holdings. However, my view of the deal eventually changed, and I avoided making a big investment. Here's why.

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