Dec. 24, 2020
The $1B acquisition of the St. Paul’s Hospital property in Vancouver is one of the RENX Top-10 Stories of 2020. (Google Street View)
The COVID-19 pandemic has been the “story” of 2020, but within the commercial real estate industry there is a much deeper thread to the year.
A story of resilience, adaptation, and soldiering on in the face of conditions few of us would have imagined 12 months ago. That’s what we have focused on with RENX’s annual selection of our Top-30 Canadian CRE Stories of 2020.
Sure, COVID-19 plays a role in some of the articles we’ve selected – heck, the virus has dramatically transformed our day-to-day lives and how we conduct business.
Insane amount of money chasing after startups
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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.