If You Invested $10,000 in Airbnb at Its IPO, This Is How Much You Would Have Today
Airbnb (NASDAQ: ABNB) has been trading on the Nasdaq exchange for almost 13 months now, having kicked off its initial public offering on Dec. 10, 2020 with a superb debut and a 112% gain on its first day of trading.
Yet, because we were coming out of the national lockdown period of the pandemic, it was easy to have an optimistic outlook about the prospects for travel, tourism, and getting away for vacation. Airbnb's business was hit hard by the forced closure of businesses and restrictions on travel, so a reopened economy filled investors with a lot of hope.
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Source Fool.com
