Why Airbnb IPO Has Jim Cramer Worried About Valuation
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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