Airbnb Hits $101 Billion In IPO, In A Big U.S. Flotation of 2020

The latest company to join the season of initial public offering, Airbnb, made its debut on Thursday recording more than its targeted share price to raise about $3.5 billion. In an unprecedented manner, the shares soared in the stock market on Thursday, valuing the home rental firm at $101.6 billion in the biggest U.S. flotation of 2020. Shares opened at $146 on the Nasdaq, far above the initial public offering (IPO) price of $68 apiece that raised $3.5 billion for the company. The stock hit a high of $165, rising 142.6% after the debut. Airbnb’s IPO came just hours after … Continue reading Airbnb Hits $101 Billion In IPO, In A Big U.S. Flotation of 2020