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New York (dpa) - The share price of the apartment broker Airbnb more than doubled when it went public.
The stock went on trading at an initial price of $ 146 - with an issue price of $ 68.
The market value of Airbnb passed the 100 billion dollar mark.
The price jump is all the more striking since the company from San Francisco had already raised its share price several times on the way to going public.
It wasn't until the beginning of the week that the range was raised from $ 44 to $ 50 to $ 56 to $ 60.
At $ 68 a share, Airbnb came to an overall valuation of $ 47 billion.
The IPO raised $ 3.5 billion.
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Airbnb had been holding out the prospect of going public this year for some time.
Due to the Corona crisis, however, it was unclear whether this would happen.
After an initial slump from the pandemic, the company recently saw a recovery in its business thanks to users who travel shorter distances than before, often by car.
Most recently, Airbnb was even able to show a previously rare quarter with black numbers.
In the past quarter, the company made $ 219 million.
In the nine months to the end of September, however, there were losses of nearly $ 697 million.
© dpa-infocom, dpa: 201210-99-647464 / 2