ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Travel & Leisure

Airbnb shares more than double on first trading day

US short-term-rental platform sets sights on $1.5tn market in Asia

Brian Chesky, CEO of Airbnb, is shown on an electronic screen at the Nasdaq MarketSite in New York on Dec. 10.   © Reuters

PALO ALTO, U.S. -- Shares of Airbnb soared in its blockbuster market debut Thursday on Nasdaq to close at $145 per share on its first day of trading, more than double the $68 price the company set for its initial public offering.

"In April, we raised money, and it was a debt financing. That price would have priced us around 30 bucks," a taken-aback Airbnb co-founder and CEO Brian Chesky told Bloomberg Television in the morning when indications showed a possible opening price of $139. "So I -- I don't know what else to say."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more