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.
Its very nice
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: