Airbnb CEO Brian Chesky joined "Squawk on the Street" on Thursday ahead of the stock's first trade on the Nasdaq to discuss the company's valuation, the impact of the pandemic on business and the IPO process, safety and trust of their customers and renters during the pandemic and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: [ Ссылка ]
Airbnb opened at $146 per share on its first day of trading on Thursday, more than doubling the $68 per share price set for its IPO the day before. Airbnb is the latest in a wave of hotly anticipated tech IPOs during a year that has been tumultuous due to the pandemic.
The opening price gave Airbnb a market value of more than $87 billion on a non-diluted basis. Shares have continued to surge more than 115%.
That puts Airbnb past the market cap of travel giant Booking, which has a valuation of more than $86 billion. Competitor Expedia has a market cap of more than $18 billion.
Its market cap far surpasses hotel chains as well, such as Marriott and Hilton, which hold market caps of more than $42 billion and $29 billion, respectively. Delta Air Lines has a market value of about $30 billion.
The first-day surge made Airbnb the 10th best debut in 2020 based on price gain from its IPO.
Airbnb trades under the ticker “ABNB” on the Nasdaq.
Speculation that it would join one of the major indexes in the next couple years seems to be driving interest, a well-placed source told CNBC’s Leslie Picker.
» Subscribe to CNBC TV: [ Ссылка ]
» Subscribe to CNBC: [ Ссылка ]
» Subscribe to CNBC Classic: [ Ссылка ]
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: [ Ссылка ]
Connect with CNBC News Online
Get the latest news: [ Ссылка ]
Follow CNBC on LinkedIn: [ Ссылка ]
Follow CNBC News on Facebook: [ Ссылка ]
Follow CNBC News on Twitter: [ Ссылка ]
Follow CNBC News on Instagram: [ Ссылка ]
[ Ссылка ]
#CNBC
#CNBCTV
