Airbnb prices shares at $68 ahead of Thursday IPO
FILE - "Airbnb" can be read behind a computer keyboard Due to corona-related uncertainty, only a few people are currently planning a summer holiday abroad. (Friso Gentsch/picture alliance via Getty Images)
Thirteen years after its founders first rented air mattresses in their San Francisco apartment, Airbnb is making its long-awaited stock market debut.
The home sharing company priced its shares at $68 apiece late Wednesday, giving it an overall value of $47 billion.
Airbnb raised $3.7 billion in the offering, making it the largest U.S. IPO this year.
Starting Thursday, it will trade on the Nasdaq Stock Market under the symbol "ABNB."
Airbnb's listing comes a day after another San Francisco-based company, DoorDash, soared through its IPO. DoorDash shares jumped 78% top open at $182 Wednesday.