Watch: Airbnb CEO speechless to rising IPO valuation - Business Insider

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Watch Airbnb CEO Brian Chesky's speechless reaction to finding out Airbnb's expected opening stock price more than doubled ahead of trading

Chang asked Chesky whether, given the increased indicated share price, he was concerned about froth. Chesky looks visibly surprised during the exchange and is momentarily speechless.

"That's the first time I've heard that number," Chesky said. "Um ... that is ... that's ... I ... when we ... In April, we raised money and it was a debt financing. That price would have priced us around 30 bucks. So, I ... I don't know what else to say." "I'm very humbled by it," he continued. "The higher the stock price, the higher expectations, the harder we're going to be working obviously."December 10, 2020The 12-year-old home-sharing company was looking to raise $3.5 billion in the IPO, which would give it a valuation of $47.3 billion, making it one of the biggest tech IPOs of all time. Airbnb hadAxel Springer, Insider Inc.'s parent company, is an investor in Airbnb.

 

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Of course. He would be speechless. He would be fucking rich

horrible

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