The very popular Airbnb listing that follows its recent IPO hit the market today and only recently started trading with nearly 30 million shares exchanged up to 2 pm, with the price more than doubling.
The stock issue price was US$68, but it started trading at US$147.61 and moved up to a high of $165, but it is now trading at $148.34 for a rise of $118. The company is a booking service for travelers in non-traditional accommodations.
Airbnb more than doubles IPO price
December 10, 2020 by
