Airbnb shares set to sail past IPO price in stellar debut

(Reuters) – Shares of Airbnb Inc were set to soar in the biggest U.S. stock market debut of 2020 on Thursday, capping a record year for new listings that has seen investors flock to tech darlings.

At 10:12 a.m. ET, the home rental firm’s shares were indicated to open at $149, more than double an upwardly revised initial public offering price of $68 apiece that raised $3.5 billion for the company.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Sriraj Kalluvila and Shounak Dasgupta)

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