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Chronicles

The story behind the story

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Airbnb closes at $144, up from its $68 IPO price, on its first day of trading, giving it a market cap of about $86.5B and more than doubling its IPO valuation

- 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.

CNBC Lauren Feiner

Discussion

  • @sonalibasak Sonali Basak on x
    *AIRBNB INDICATED TO OPEN AT $145; IPO PRICED AT $68 Company's CEO is literally speechless on @BloombergTV — the first time he heard of the price surge. “I don't know what else to say,” Brian Chesky tells @emilychangtv. “The higher the stock price, the higher the expectations”
  • @paulg Paul Graham on x
    https://twitter.com/...
  • @emilychangtv Emily Chang on x
    This moment when @bchesky first hears that Airbnb's IPO price has just doubled — live on-air — is literally PRICELESS. https://twitter.com/...
  • @danprimack Dan Primack on x
    Airbnb opens at fully diluted value of around $101 billion.
  • @eringriffith Erin Griffith on x
    Airbnb stock opens at $146 a share, valuing it at $101.6 billion. This market is crazy. Here's our story: https://www.nytimes.com/...
  • @btrautschold Brian Trautschold on x
    2 incredibly impressive things about @paulg and @justinkan - the simplicity of the convo - the timestamps https://twitter.com/...
  • @deljohnsonvc Del Johnson on x
    You all really just let YC dominate on the “invest in a lot of early stage companies /have an open application process” playbook for 12 years just running circles around everyone while most VCs concentrate, invest as late as possible, & follow other investors? Make it make sense …
  • @uwsgeezer Peter Eavis on x
    How should we think of the 12 million share grant that Brian Chesky of Airbnb got a couple of months ago? At the latest stock price, the grant is worth nearly $1.8 billion. It comes on top of his existing stake in Airbnb, whose current value is $11.4 billion.
  • @gustaf Gustaf Alstrmer on x
    They @airbnb founding story is one with many turns. The company could've literally have died many times. Startups are very fragile in the early days but the grit and perseverance Joe and Nate and Brian showed is still inspirational for many founders today. https://twitter.com/...
  • @adamnash Adam Nash on x
    The very first company that @reidhoffman discussed with me after joining @GreylockVC was @AirBnB. Highly recommend reading his thoughtful piece on the investment, his rationale, and how it relates to his thoughts on venture in general. https://greylock.com/...
  • @carlquintanilla Carl Quintanilla on x
    “That's the first time I've heard that number. Um, that is .. that's .. uhh, .. y'know ... I don't know what else to say.” Great moment. $ABNB https://twitter.com/...
  • @kateconger O...K on x
    wonder how these IPOs are perceived by Uber & Lyft after their big flops https://www.nytimes.com/...
  • @coryweinberg Cory Weinberg on x
    Airbnb's founding story has been mythic in Silicon Valley What's as remarkable—and less discussed—is that all 3 founders have stuck around, and stayed involved. They're all worth over $10B today. How their relationship helps explain Airbnb's success: https://thein.fo/...
  • @trevmckendrick Trevor McKendrick on x
    After being stunned it took a full 45 seconds to get to his talking points. Way to go Airbnb https://twitter.com/...
  • @ryan_chua @ryan_chua on x
    Brian Chesky's humble celebration fittingly harks back to his ramen days, when the idea of Airbnb was mostly to help pay rent https://www.bloomberg.com/... via @business
  • @devindra Devindra Hardawar on x
    Airbnb blowing up because... travel is a hot during the pandemic? Surprisingly big bet here on how fast things will pick back up https://twitter.com/...
  • @alfred_lin Alfred Lin on x
    Amazing Day for all stakeholders of @Airbnb. Started 2020 as the IPO candidate of the year, paused, stared down the abyss of a global pandemic, pivoted, accelerated out of the depths, and is today 2020's IPO of the Year! https://twitter.com/...
  • @kennethcolereal Kenneth Cole on x
    Props to @bchesky who handled this like a pro. https://twitter.com/...
  • @levie Aaron Levie on x
    When an email is worth multiple billions. https://twitter.com/...
  • @saurabhkango Saurabh Kango on x
    Airbnb is now more valuable than the seven largest US hotel chains combined, including Marriot, Hilton, and Hyatt. Marriot International is worth $41 billion, Hilton Worldwide is worth $29 billion, and Hyatt is worth $7 billion. ❤️❤️ ❤️❤️❤ ; ️ https://twitter.com/...
  • @sarthakgh Sar Haribhakti on x
    A travel company going public during a pandemic after its revenue tanked 80% less than 3 quarters ago Public market needs to stop being so short sighted https://twitter.com/...
  • @cloud_opinion @cloud_opinion on x
    AirBnB is now worth as much as IBM
  • @bent Ben Trinh on x
    this $ABNB ipo feels like the supreme drop for tech people
  • @justinkan Justin Kan on x
    Amazing to see how far the Airbnb founders have come. This night in 2008 they were about to throw in the towel. We convinced them they should try YC and emailed PG, and the rest is history. Congrats @bchesky, @jgebbia, @nathanblec! https://twitter.com/...
  • @modestproposal1 Modest Proposal on x
    this is the only good “i fucked up and passed” tweet i've ever seen because of the specific reason for passing “love you guys, but murder is a hard no (so far)” https://twitter.com/...
  • @sacca @sacca on x
    Congrats to @Airbnb's @bchesky @jgebbia & @nathanblec, all high quality people with a strong ethical compass. I feel extreme FOMO because I passed on their seed deal telling them “someone will get murdered and the blood will be on your hands.” All-time, three comma fuckup. https:…
  • @shiraovide Shira Ovide on x
    I'm thinking about the 25% of Airbnb's staff that was laid off months before an IPO and first day of trading that may value the company at $100 billion+. https://www.nytimes.com/...
  • @kevinroose Kevin Roose on x
    If you've ever wanted to see a man trying very hard not to break poker face when he learns that his net worth has doubled, this is a great clip. https://twitter.com/...
  • @mikeisaac Rat King on x
    pre covid: DoorDash was in trouble, Airbnb was unassailable Post covid: DoorDash is anointed, Airbnb is in trouble but both pop huge on day one? to quote @eringriffith: “what is money”
  • @levynews Ari Levy on x
    Airbnb has reported 2 straight quarterly sales declines with a 3rd on the way. It cut 25% of its staff because of that. It's about to be worth 3x its valuation from a year ago.
  • @mikeisaac Rat King on x
    two IPOs in two days that doubled their set price upon opening what's up with “da market”?? https://twitter.com/...
  • @shiraovide Shira Ovide on x
    I CANNOT EXPRESS how abnormal this all is. https://twitter.com/...
  • @alex Tired Alex on x
    ok so on a non-diluted basis that makes Airbnb worth $87.4B, inclusive of greenshoe https://twitter.com/...