AIRBNB investors win huge at IPO   


Dec 11 (Lagos) - The IPO of AIRBNB was met with incredible demand yesterday in New York when its stock opened more than 120% above its listing price of $65 per unit.


The market values the home sharing business above the $100 billion mark, something that is likely to even surprise its owners given how bad the business is right now for this company.


This is a sweet moment for those lucky pre-IPO investors although they will have to wait for 6 months to dump their shares on the market. They could end of fetching much higher prices after six months given the sky high demand for shares of this Company.


The market is looking at this stock as a re-opening play and that is why the demand is so high. 




reporting for easykobo.com on Friday, Dec 11 2020 from Lagos, Nigeria
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