Jim Cramer Says Airbnb 'Best Of Crop' From 'Wild Times' IPOs

TV host Jim Cramer said Monday on Twitter that Airbnb Inc 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 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. 

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