Airbnb went public on Thursday at $146 per share, 114% higher than its $68 IPO price, giving the company a $101 billion valuation at the time of its debut.
Just nine months earlier, in the thick of the COVID-19 pandemic, the company’s valuation was $18 billion and it was in such dire straits it laid off 25% of its employees.
“It’s surreal,” Airbnb cofounder and chief strategy officer Nate Blecharczyk said on Yahoo Finance Live on Thursday in an interview before the stock began trading….
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