Airbnb Inc.’s shares more than doubled in their debut on Thursday, reflecting a soaring market for new stock listings and the home-sharing company’s ability to navigate the coronavirus-induced downturn in travel this year.
The stock began trading at $146 on the Nasdaq Stock Market, higher than its initial-public-offering price of $68 a share. The opening trade valued Airbnb at $101.6 billion, higher than its IPO valuation of roughly $47 billion, based on a fully diluted share count and proceeds from the offering. Based on the stock’s debut, the company is worth more than Marriott International Inc., Hilton Worldwide Holdings Inc. and Hyatt Hotels Corp. combined.
Time to help these foolish investors loose their money; new local laws to block short term rental; help make the looney business model an unprofitable endeavor; eliminate Airbnb
That's a lot of money for a systematically racist company. AirBnBisRacist
Airbnb with a $47B valuation seems suspect. Wework of lodging that made it through IPO.