DoorDash, soared through it initial public offering, the second largest after Airbnb's. DoorDash's stock jumped 85.8% to close at $189.51.
The meal delivery app raised $3.4 billion with its offering. Airbnb wants to add more hosts and properties, expand in markets like India, China and Latin America and attract new guests.First, it will need to recover.
Airbnb — which has never posted an annual profit — said its revenue fell 32% to $2.5 billion in the first nine months of this year as the coronavirus forced travelers to cancel their plans.