Airbnb Tops $100 Billion on First Day of Trading
- 3 years ago
Airbnb Tops $100 Billion , on First Day of Trading.
Airbnb shares opened at $146 on its first day as a publicly traded company.
This was 115 percent higher than the
$68 share price of its initial public offering (IPO).
The vacation rental company's
market capitalization was estimated
at more than $101.5 billion.
Airbnb's offering of
$3.5 billion beat
out DoorDash's
$3.4 billion IPO.
which makes Airbnb the
most significant IPO of 2020.
2020 was the busiest year for IPOs in more
than three decades, despite a volatile pandemic
economy and high unemployment rates.
There obviously is a tremendous amount of enthusiasm. It’s just hard to really feel comfortable and confident about valuation levels, Scott Kessler, Third Bridge Analyst,
via 'The New York Times'
Airbnb shares opened at $146 on its first day as a publicly traded company.
This was 115 percent higher than the
$68 share price of its initial public offering (IPO).
The vacation rental company's
market capitalization was estimated
at more than $101.5 billion.
Airbnb's offering of
$3.5 billion beat
out DoorDash's
$3.4 billion IPO.
which makes Airbnb the
most significant IPO of 2020.
2020 was the busiest year for IPOs in more
than three decades, despite a volatile pandemic
economy and high unemployment rates.
There obviously is a tremendous amount of enthusiasm. It’s just hard to really feel comfortable and confident about valuation levels, Scott Kessler, Third Bridge Analyst,
via 'The New York Times'