![]() ![]() Today, Airbnb is a global enterprise that just completed one of this year’s biggest initial public offerings and whose shares traded at US$149.24 each at 1:40 p.m. And he appeared to be at a loss for words Thursday morning when told that the stock was expected to open far above the US$68 per-share offer price.īack at the beginning, in the apartment on Rausch Street, it was just a few air beds on a living room floor. Instead, the CEO said he’d be in front of his laptop at his apartment in San Francisco, walking distance from the unremarkable four-story townhouse at 19 Rausch St. There’d be no suits, no Champagne and no victorious embraces with co-founders Joe Gebbia and Nathan Blecharczyk.īut he probably didn’t anticipate that the company’s share price would more than double as it began trading Thursday - cementing Airbnb’s place as one of the world’s biggest travel businesses and propelling the value of his own stake to about US$11.4 billion. He couldn’t be in New York to ring the Nasdaq Stock Exchange’s opening bell. ![]() Airbnb Inc.’s co-founder Brian Chesky had an idea what the company’s first stock-trading day would look like - and this wasn’t it.
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