Airbnb Valuation Tops $100 Billion in Trading Debut Surge msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Company is one of the biggest travel companies in the world.
By Katie Roof and Olivia Carville, BloombergÂ
10 Dec 2020 06:46
Image: Bloomberg
Airbnb priced its long-awaited initial public offering above a marketed range to raise about $3.5 billion, capping a year in which it bounced back from the coronavirus pandemic by capitalising on closer-to-home travel.
The home-rental companyâs IPO came just hours after DoorDash almost doubled from its listing price in its debut trading session, adding to a flurry of consumer-facing web-based companies going public this month.
Airbnb and its investors are selling about 52 million shares Wednesday for $68 each after marketing them for $56 to $60 each, said people familiar with the matter who asked not to be identified because the information wasnât public yet. At that price, Airbnb has a fully diluted value of about $47 billion, which includes employee stock options and restricted stock units.