Thursday, 10 Dec 2020 03:24 PM MYT
The company, which will be listed on the Nasdaq stock exchange under the ticker symbol “ABNB,” said in a filing with securities regulators that its home-sharing model proved resilient during the global pandemic, as it posted a profit for the just-ended quarter. Airbnb recently implemented new safety protocols for many of its hosts and maintains that listings meeting its upgraded guidelines are safer than hotels during the pandemic.
Airbnb's decision to raise its opening share price came amid a dizzying initial public offering by DoorDash, whose shares priced at US$102 surged more than 80 per cent out of the gate, ending the formal trading day at US$189.51.
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