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US IPO Market: Airbnb valuation reaches $100 billion in trading debut surge
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Synopsis
San Francisco-based Airbnb’s fully diluted valuation is even higher, around $100 billion including employee stock options and restricted stock units.
Another early investor in both Airbnb and DoorDash, Ron Conway, distinguished current market enthusiasm and valuations from the dot.com bubble era two decades ago.
Airbnb Inc. shares more than doubled in their trading debut, propelling the home-rental company to about a $100 billion valuation and one of the biggest first-day rallies on record.
The shares closed Thursday at $144.71 up 113% from the $68 initial public offering price. The listing came 10 months after the Covid-19 pandemic upended travel and 24 hours after DoorDash Inc. soared in its public debut.
Airbnb Valuation Reaches $100 Billion in Trading Debut Surge
Bloomberg 12/11/2020 Olivia Carville, Katie Roof and Crystal Tse © Bloomberg Brian Chesky, co-founder and chief executive officer of Airbnb Inc., top, Joe Gebbia, co-founder and chief product officer of Airbnb Inc., left, and Nathan Blecharczyk, co-founder and chief strategy officer of Airbnb Inc., speak virtually during the company s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, Dec. 10, 2020.
(Bloomberg) Airbnb Inc. shares more than doubled in their trading debut, propelling the home-rental company to about a $100 billion valuation and one of the biggest first-day rallies on record.
Airbnb and DoorDash rallies stoke renewed debate on pricing IPOs Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
Airbnb opened 115% above its initial public offering price, the biggest debut rally on record for a large U.S. listing. Had the shares priced closer to where they started trading at $146 instead of $68 apiece Airbnb could have raised $4 billion more for the company and early investors. | REUTERS
Bloomberg Dec 11, 2020
First it was DoorDash Inc. And now it’s Airbnb Inc. In a 24-hour period, the two startups went public and their valuations skyrocketed, a sign that both companies could have raised a lot more money than they did.
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