Airbnb to Double Share Price in IPO

Airbnb is expected to double its share price in its initial public offering (IPO) debut on Thursday, CNBC reported.

Shares, priced at $68 on Wednesday, are now forecast to go as high as $155.5 when the stock starts trading on the New York Stock Exchange (NYSE).

This will raise the company’s market value to about $93 billion.

The newly-listed stock will be included in the Nasdaq Composite index.