Airbnb shares more than doubled in a sizzling US market debut Thursday which brings the home-sharing platform into an elite group of richly valued companies.
Shares opened at $146, a dizzying rise after Airbnb priced shares at $68 for its initial public offering — reflecting a feverish rush for new shares in companies adapting to lifestyle changes imposed by the coronavirus pandemic. If those values hold, the San Francisco-based firm would be worth more than $100 billion, up from the bumped-up $47 billion at the IPO offering price.
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