Airbnb’s IPO has kept its promises on Wall Street. The hosting services giant’s share that went public on Thursday (Dec. 10) ended the session up 144% from the IPO price of $ 68. The starting valuation of 45 billion, or 7 times the turnover of the company, soared to reach 100 billion $ at the close of the markets.
Airbnb’s capitalization therefore exceeds that of Booking ($ 86bn), which is much more “big” in this furnished rental market. Those who equated this introduction of a company that is making losses and laying off a quarter of its employees as a bluff will have to change their minds. The Californian startup, which sits on a PER of 64 attracts investors while its core business, travel, drinks the cup. To believe that the financial market is the seat of paradoxes. Home grocery and food delivery driver DoorDash had already stormed Wall Street, soaring 86%.
