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Airbnb’s IPO soars, clinching a valuation of $100 billion – Source CNET Tech


Airbnb rang the opening bell for its IPO on Thursday.

Angela Lang/CNET

It’s been a long time coming. Speculation over Airbnb’s initial public offering has been in the works for at least half a decade. On Thursday, the short-term home rental company made its debut on Wall Street with its share price opening at $146 and closing the day at $144 per share. 

That’s more than double the $68 price Airbnb set on Wednesday night before trading kicked off. And far higher than the $44 to $50 per share target range the company initially announced earlier this month. 

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Source CNET Tech

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