Airbnb after IPO rose to $100 billion

Airbnb's listing was one of the most highly anticipated deals of the year, and it lived up to expectations. At the IPO, the company's valuation was $47 billion, and at the first auction, the capitalization briefly exceeded $100 billion.

At the beginning of the week . , Airbnb was expected to raise $3.1 billion from the IPO and receive a total valuation (including options and special class shares) of $41.8 billion at $31 billion. As a result, investors valued the company at $41.8 billion, and in the first auction, capitalization soared to $100 billion - and this despite the fact that the placement took place 10 months after the tourism market was hit by a pandemic.

The company's shares soared after Airbnb posted the best quarterly results in history, Bloomberg notes , but the situation still reminds market veterans of the dot-com era. 80% of companies that went public this year have yet to make their first profit. But this doesn't bother retail investors: the top four stocks on the Robinhood app are exactly those companies that went public this year alone.

“I don’t know what else to say — I’m very happy about this,” Airbnb co-founder and CEO Brian Chesky told Bloomberg, looking at data that the share price in the first auction could exceed $139 against $68 at the placement. At the peak during the first trades per share they gave $165. The company is now worth more than the three largest US hotel chains: Marriott International ($43 billion), Hilton Worldwide ($39 billion) and Hyatt Hotels ($8 billion) combined, notes . Forbes

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Airbnb followed closely behind DoorDash, the largest U.S. food-delivery operator, in an IPO that also proved to be a huge success, jumping above $190 a share on the first day of trading on the NYSE, nearly double the IPO price of $102. Among the company's investors are SoftBank, Sequoia, and the DST Global fund, founded by billionaire Yuri Milner. Next in line is the IPO of the Roblox gaming platform.