Airbnb is Worth More Than the 3 Largest Hotel Chains – Business Insider

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Airbnb is worth more than the 3 largest hotel chains

  • Airbnb was worth more than the three largest hotel chains globally after its trading debut on Thursday.
  • Airbnb’s share price closed at $144.71, giving it a valuation of $86.5 billion – Marriott, Hilton, and Intercontinental were worth $84.1 billion combined when the markets closed Thursday.
  • After a long awaited and uncertain road to its IPO, Airbnb’s stock on Thursday traded as high as 143% of its initial asking price of $68 per share.
  • But some strategists warned the massive debut rallies of Airbnb and DoorDash this week suggest the IPO market is approaching dot-com era levels of “euphoria and greed.”

Airbnb’s stock soared on Thursday in its highly anticipated public market debut, closing at $144.71 per share, more than double its initial offering of $68 per share.

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