Airbnb's share price closed at $144.71, giving it a valuation of $86.5 billion - Marriott, Hilton, and Intercontinental were worth $84.1 billion combined when the markets closed Thursday.
Airbnb, Inc. yesterday announced the pricing of its initial public offering of 51,323,531 shares of Class A common stock, 50,000,000 of which are being sold by Airbnb and 1,323,531 of which are being sold by certain selling stockholders, at a public offering price of $68.00 per share.
Airbnb on Monday released its prospectus to debut on public markets.
Airbnb continues to demonstrate impressive rates of growth and customer satisfaction, but it’s unlikely the alternative hospitality giant will go public in 2018, according to an analysis based on SharesPost’s Second Annual Alternative Accommodations Consumer Survey.