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Airbnb Valuation Reaches $100 Billion in Trading Debut Surge

  • Home-rental platform stock opened at $146 after pricing at $68
  • First-day gains follows DoorDash’s jump, in year-end IPO rush
Bloomberg business news
Airbnb CEO ‘Very Humbled’ by Stock’s Indicated Opening Price
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Airbnb Inc. shares more than doubled in their trading debut, propelling the home-rental company to about a $100 billion valuation and one of the biggest first-day rallies on record.

The shares closed Thursday at $144.71 up 113% from the $68 initial public offering price. The listing came 10 months after the Covid-19 pandemic upended travel and 24 hours after DoorDash Inc. soared in its public debut.