The Alphabet-backed accommodation marketplace priced its initial public offering well above its range in the second huge flotation this week, to secure a $47bn valuation.

US-headquartered short-term accommodation marketplace Airbnb is going public today in a $3.49bn initial public offering on the Nasdaq Global Select Market representing an exit for internet and technology group Alphabet. The company is issuing 50 million class A shares priced at $68.00 each, significantly above the offering’s $56 to $60 range, while its shareholders are…

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