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Airbnb to Double Share Price in IPO

M. Ali 10 December, 2020 10:27 pm Global Stock Market, Market Update

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.

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