Airbnb valuation soars past $100bn in trading debut
Airbnb shares more than double in one of the biggest first-day rallies on record
10 December 2020 - 23:53
New York — Airbnb shares more than doubled in their trading debut on Thursday, propelling the home-rental company to a $100bn-plus valuation and one of the biggest first-day rallies on record.
The stock opened at $146 apiece, above the $68 initial public offering price. The listing comes 10 months after the Covid-19 pandemic upended travel and 24 hours after DoorDash soared in its public debut...
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