Updated at 8:07 p.m. ET
A company that started as a single air mattress for rent in a San Francisco apartment is now worth $100 billion.
Airbnb made its long-awaited stock market debut on Thursday and more than doubled its offering price.
From afar, it may have appeared as a peculiar time for a lodging company to go public, as the coronavirus continues to devastate the travel and hospitality industry. Wall Street, however, has a different story to tell.