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Airbnb prices shares at $68 ahead of Thursday IPO
Read full article: Airbnb prices shares at $68 ahead of Thursday IPOThirteen years after its founders first rented air mattresses in their San Francisco apartment, Airbnb is making its long-awaited stock market debut. Airbnb had initially set a price range of $44 to $50 for it shares, but raised that to a range of $56 to $60 earlier this week, indicating rising investor demand. Airbnb’s listing comes a day after another San Francisco-based company, DoorDash, soared through its initial public offering. Its stock jumped 85.8% to close at $189.51 after the company priced shares at $102 each, raising $3.4 billion with its offering. Airbnb initially planned its IPO for the spring but shelved it when the pandemic ground global travel to a halt.
