Listed on the NASDAQ in December 2020, Airbnb, Inc. (ABNB) is an online platform that allows owners of apartments, villas, bungalows, and private homestays to rent their properties to guests worldwide. Based in California, Airbnb was co-founded by Brian Chesky, Nathan Blecharczyk and Joe Gebbia in 2007. Performance Since IPO Airbnb was one of the most successful IPOs of 2020. The expectations of a rebound in travelling resulted in a 135% increase in ABNB’s stock price on the very first day of trading. However, since its IPO, the stock has declined 21.1% to $114.17. Near-Term Prospects Airbnb's growth potential can be gauged from its recently reported first-quarter results.
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Airbnb (NASDAQ:ABNB)
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