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Why Airbnb IPO Has Jim Cramer Worried About Valuation

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Airbnb could start trading with a valuation of over $100 billion market value following the indications that the stock could open above $150 in its market debut.

The stock priced at $68 last night.

Airbnb offered around 52 million shares. The pricing of $68 put the stock well well ahead of Airbnb's December 1 target of between $44 and $50 each and the biggest IPO of the year for a U.S. company. 

The shares will trade on the Nasdaq under the ticker symbol ABNB.

Jim Cramer weighs in on the IPO and his thoughts on the company.

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