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The stock exchange value of the company’s tariffs then exceeded $ 100 billion. The company set the price of its shares in the primary public offer (IPO) before entering the stock exchange at $ 68 apiece. The shares are traded under the symbol ABNB.
The price jump is all the more remarkable as Airbnb has increased its bid price several times before entering the stock exchange. It filled to sell piblin 51 million shares. It was not until the arrest of the week that price rises rose from two filled $ 44 and $ 50 apiece to $ 56 and $ 60 apiece.
The company’s entry into the stock market this year has been talked about for a long time, but the coronavirus crisis has completely slowed down, due to which the Airbnb business has burned sharply. In the third quarter, however, the company managed to make a profit of $ 219 million.
But in the first nine months of the year, the company reported a loss of $ 697 million and revenue fell 32 percent to $ 2.5 billion. Airbnb has never managed to make a full profit, the AP agency reported.
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