Airbnb priced way aboved expected price

Airbnb was priced way above expected price yesterday as demand was huge. They were able to priced their shares at $68 instead of expected $56-$58 which was already higher than expcted few weeks ago. This brough value of company to $47 billion instead of first expected $30 billions and they raised 3,7 billion in cash which they will be able to use for further expansion. Good news for todays first day of trading is that yesterdays first day of trading of DoorDash saw their shares soaring 86% which could be repeated as demand for new stocks is big. (Farrel, Wall Street Journal)

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