The New Paper

December 11, 2020

Airbnb begins trading publicly

Airbnb began trading publicly yesterday, with shares increasing by over 112% on its first day of trading. Bookings on the home-sharing platform dropped by over 70% in April due to the ongoing coronavirus outbreak, but have shown signs of recovery in recent months (driven in part by an extended shift to remote work). Airbnb is the second high-profile IPO this week, following DoorDash on Wednesday.
This story is from the December 11, 2020 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.