Business
Airbnb joins $US100b club as shares more than double on long-awaited Wall Street debut – Sydney Morning Herald
Airbnb was born 13 years ago when Brian Chesky – now the company’s CEO – and Joe Gebbia were looking to make money from their San Francisco apartment. Now it has…
Airbnb raised $US3.7 billion in its offering, making it the biggest US IPO this year, according to Renaissance Capital, which tracks IPOs. The company had initially set a price range of $US44 to $US50 for it shares, but raised that to a range of $US56 to $US60 earlier this week indicating rising investor demand.
Airbnbs listing comes a day after another San Francisco-based company, DoorDash, soared through it initial public offering, the second largest after Airbnb’s. DoorDash’s stock jumped 85.8…
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