Is Airbnb stock a buy now?

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Share prices of Airbnb Inc (NASDAQ: ABNB) have taken off since the company’s initial public offering (IPO) on 10 December. Despite listing at a tumultuous time for the travel industry, Airbnb’s shares currently trade at $180.40 — more than double its IPO price of $68 a share. At $108.44 billion, Airbnb’s market capitalisation has already eclipsed the combined valuations of rivals Booking Holdings Inc (NASDAQ: BKNG) and Expedia Group Inc (NASDAQ: EXPE).

Investors who missed the rally may wonder if they should chase up Airbnb’s soaring stock price. But first, they need to understand why Airbnb is getting so much…