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.