Stake Makes Big Bet On Airbnb
SYDNEY: Australian investors have been pouring money into Airbnb since the US company went public on Friday, market watchers report.
According to Sydney-based share-trading outfit Stake, Aussie investors pumped as much as A$6.6 million into Airbnb shares.
Airbnb listed on the Nasdaq exchange on Friday, and its share price soared immediately, giving the company a valuation of more than US$100 billion.
Stake chief exec Matt Leibowitz told The Australian: “All eyes have been on Airbnb’s IPO for a while now, so we’re not surprised Australian Stake customers want a share of the action.”
After touching US$150, the shares finished the weekend at $139.25.