December 11，Thursday, local time in the United States，B&B giant Airbnb’s stock price surged on its first day of trading，Close at 144.USD 71，113% increase from initial public offering (IPO) issue price of $68，This brings its market value to $100.7 billion。Airbnb’s IPO raises $3.5 billion，Becomes the largest IPO this year。

Just one day ago，Food delivery startup DoorDash raises $3.4 billion on first day of listing，The stock price also soared 86%，Market value reaches 68 billion US dollars。According to data from IPO tracker Renaissance Capital，The listings of both companies followed 188bet online sports betting a series of other popular IPOs，Making 2020 the busiest year for U.S. IPOs since 1999。

Compared to last year，This year’s IPO landscape is completely different。Last year，Uber’s IPO looks lackluster，The IPO attempt of shared office space startup WeWork ended in failure。With the outbreak of the epidemic，This frustration intensifies，Many startups downsize in anticipation of economic slowdown，And shelved the IPO plan。

But this summer，The technology industry is booming，The stock market rebounded sharply。A large number of technology companies have gone public to Silicon Valley startups、Investor、The founders and employees brought in a lot of cash。Airbnb’s valuation now exceeds that of Uber，Close to Facebook’s IPO level in 2012。E-commerce startup Wish、Game developer Roblox and home-buying company OpenDoor also plan to go public this month。

However，These high-profile listings raise questions about the emergence of a new stock market bubble during the pandemic-induced economic 188bet online sports betting downturn，Over 94 last week.70,000 workers filed new unemployment claims。Due to lower interest rates plus fiscal stimulus，Investors are chasing increasingly risky bets，Driving pre-profit startup valuations to levels that are out of touch with reality。

James Gellert, CEO of Rapid Ratings, a financial analysis service provider, said，The “ridiculous” valuation represents “extreme market exuberance and unprecedented liquidity”。But he warned，Market sentiment can change quickly，Causing significant losses to IPO investors。

Airbnb CEO Brian Chesky said in an interview，He’s already experiencing “a surge of enthusiasm” as he pitches Airbnb to investors，But we will not pay attention to the company’s short-term stock price trend。He admitted: "I can't control the stock price，But I can control the story。”His stake in Airbnb is now worth $11.1 billion。

188bet app Source: NetEase Technology, original title: "Airbnb’s market value exceeded US$100 billion on its 188bet app download first day of listing，raise"Bubble"Question》.