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Castles That Will Take You Back in Time and Transport You Into a Fairy Tale
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Airbnb lists shares on Nasdaq amid coronavirus woes | Business| Economy and finance news from a German perspective | DW
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Airbnb shares sail past IPO price in stellar debut
In the middle of the largest tourism crisis of all times, travel company Airbnb began trading with a $100 billion market value amid rising appetite for new tech shares. The platform needs money for an uncertain future.
The IPO marks a stunning recovery in Airbnb s fortunes after its business was heavily damaged by the COVID-19 pandemic
It sounds like a bad joke. Now, at a time when the future of the travel industry couldn t be more uncertain, the accommodation rental platform Airbnb hits the trading floor.
Airbnb shares opened at $146 (€120.3) on the Nasdaq on Thursday, far above the initial public offering (IPO) price of $68 apiece. The stock hit a high of $165, rising 142.6% after the debut and making the San Francisco, California-based group worth more than $100 billion.