Airbnb shares are traded on Wall Street reaching US $ 101.6 billion
With a successful stock market debut, the shares soared this Thursday, valuing this year as one of the best in the company
Airbnb shares soared on the Wall Street Stock Exchange on Thursday, valuing the home rental company at $ 101.6 billion in the largest IPO by a U.S. firm in 2020 and crowning an extraordinary year in which investors turned to tech titles.
For this year the shares opened at USD 146 dollars on the Nasdaq, a figure that is well above the Initial Public Offering (IPO) with a difference of 68 dollars.
For its part, the IPO highlights a surprising recovery at Airbnb after the business was badly damaged by the COVID-19 pandemic earlier this year.
In 2008, Airbnb was valued at just $ 18 billion in a private fundraising round in April and at $ 31 billion in its last private fundraiser prior to COVID-19 in 2017.
The estimate reached by the company in 2020 has made it one of the most anticipated US IPOs of the year.
K. Villarroel
Source: scope
