Airbnb had a spectacular debut on NASDAQ, with the stock surging from its IPO price of $68 to a closing of $144.71 on Thursday (December 10).
As a result, loss-making Airbnb now has a valuation of $86 billion, making it twice the size of the world's largest hotel group Marriott.
Airbnb's listing came a day after another phenomenal listing, that of food-delivery firm DoorDash.
These IPO fireworks have rekindled memories of the tech bubble of 2000.
But the IPO story of 2020 is likely to be data analytics company Snowflake which has shot up over 250% since its listing in September, making it larger than IBM.
This is completely different from last year, when WeWork pulled its IPO and Uber opened 7% below its IPO price.