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Airbnb is worth more than the 3 largest hotel chains combined after its stock popped 143% on its first day of trading (ABNB)

Airbnb IPO

Summary List Placement

Airbnb’s stock soared on Thursday in its highly anticipated public market debut, closing at $144.71 per share, more than double its initial offering of $68 per share.

That price also gives the short-term rental giant an approximately $86.5 billion valuation. Or, more than the combined market capitalization of the top three hotel chains globally: Hilton Worldwide Holdings, Marriott International, and Intercontinental Hotels Group, which were together worth $84.1 billion when the markets closed Thursday.

Airbnb also surpassed its largest rival among online travel agencies, or OTAs: Booking.com closed at $86.2 billion on Thursday.

Airbnb’s private valuation fluctuated dramatically read more ⇒

Source:: BusinessInsider.Com

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