Airbnb doubles in US market debut, gaining elite status

New York (AFP) Dec 10, 2020

Airbnb shares more than doubled in a sizzling US market debut Thursday which vaulted the home-sharing platform into an elite group of richly valued companies. Shares opened at $146, a dizzying rise after the San Francisco-based firm priced them at $68 for its initial public offering. They closed at $144.71, a jump of 113 percent in the market debut. At those levels Airbnb is worth mo