TV host Jim Cramer said Monday on Twitter that Airbnb Inc (NASDAQ:ABNB) “might be the best of that crop of companies that came public during those wild times.”
See Also: How To Buy Airbnb (ABNB) Shares
Airbnb went public on Dec. 10, 2020, and priced its initial public offering at $68 per share. The rental intermediary sold 51.5 million shares for $3.5 billion.
Another notable IPO around the same period was DoorDash, Inc (NYSE:DASH), which priced its shares at $102.
As of Tuesday's closing, Airbnb’s shares had returned 113.23% from the IPO price, while DoorDash had decreased 22.2% from its IPO debut price tag.
On Tuesday, Airbnb shares shot up 5.45% to $152.90 in extended trading after closing 5.1% lower at $145 in the regular hours.
Airbnb reported its first-quarter earnings on Tuesday, beating earnings estimates by 89.66%. The company lost 3 cents per share, beating an estimated loss of 29 cents per share.
The vacation rental company had also beaten earnings in the previous quarter by $0.05.
Read Next: Airbnb To Let Employees 'Live And Work Anywhere' — But Here's The Fine Print
