The accommodation platform’s shares reached a price of $ 155.81, up 128.69% from the $ 68 that it was originally priced at.
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The income of Airbnb listed on the stock exchange It far exceeded expectations. The platform for accommodation between registered persons a 128.69% appreciation of its shareswhich reached a price of 155.81 USD. Now the company is more valuable than the seven largest hotel chains in the US combined. It even outperformed Uber and the Inditex group.
On December 10th, Airbnb started trading on Wall Street. They originally planned to sell their shares at a price between $ 44 and $ 55 per unit, which equates to a value between $ 31 and $ 38 billion.
Eventually the original price was fixed on $ 68 per sharebut that price didn’t last long. The shares of the San Francisco-based company closed their first day on the Nasdaq in New York at a price of $ 144.71, this means, an increase of 112.8%to reach a capitalization near $ 86.5 billion, more than twice what I expected the day before. This put Airbnb slightly above the hotel booking giant. Booking.
Welcome, @ Airbnb. #NasdaqListed pic.twitter.com/eVIHCNfy4S
– Nasdaq (@Nasdaq) December 11, 2020
In a few days, the platform’s shares hit the 155.81 USD, represents an increase of 128.69% in relation to its public offer for sale (IPO). Thus, Airbnb closed with a final rating of more than $ 100 billionaccording to Bloomberg.
It is now more valuable than the seven largest hotel chains in America combined. For example, Marriott is valued at around $ 41 billion. Hilton, about $ 29 billion and Hyatt another $ 7 billion. It also outperformed Uber and Grupo Inditex’s market cap.
This is the biggest debut hit since May 2019, when Beyond Meat went public, up 163%.
See Also: See Why Jeff Bezos Will Grow His Net Worth With The Arrival Of Airbnb On Wall Street
To celebrate its entry into the stock market, Airbnb published an emotional video in which users thanked them and invited them to symbolically ring the bell on Wall Street with the company.