Sensex, Nifty See Biggest Single Day Fall Since May 2020 On New Coronavirus Strain Discovery In UK moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Airbnb stock jumps 143% on debut; should you invest?
The well-timed listing of the San Francisco-based home-rental company was a hit, as the stock of the industry leader touched $165 in yesterday s session, roughly 143% of its issue price of $68
Rupa Burman Roy | December 11, 2020 | Updated 16:43 IST
The closing of the stock was 113% above from IPO priced shares of USD 68 apiece
Shares of the home-sharing company, Airbnb soared on Thursday s debut to the secondary market, settling at $144.71 per share, more than double its initial offering price.
The closing of the stock was 113% above from IPO priced shares of USD 68 apiece. This gave an approximately $86.5 billion valuation to the company that estimated a valuation of about $47 billion on a fully diluted basis, post the long-awaited initial public offering.