Shares in Airbnb more than doubled once the company started trading on the Nasdaq stock exchange on Thursday 10 December, valuing the short-term rentals platform at close to $100bn.

Shares were priced at $68 a share but started trading at over $150 a share amid fierce bidding, and closed the day at $144.70, and staff can sell up to 15% of their shares after the listing, instead of waiting for the usual lock-up period.

Airbnb currently has more than 7m short-term listings worldwide and the valuation is twice that of Marriott, the world’s largest hotel operator. More money has been raised from share sales so far in 2020 than in 1999, the height of the dotcom boom.

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