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Airbnb Reaches $47 Billion Value in Above-Range IPO

  • Home-rental platform prices shares above range at $68 each
  • Airbnb’s $3.5 billion IPO follows -- and tops -- DoorDash’s
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Airbnb Confirms Pricing of IPO at $68 a Share
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Airbnb Inc. priced its long-awaited initial public offering above a marketed range to raise about $3.5 billion, seizing on investor demand for a home-rental business roaring back from a pandemic-fueled slump.

The company’s IPO came just hours after DoorDash Inc. almost doubled from its listing price in its debut trading session, adding to a flurry of consumer-facing web-based companies going public this month.