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Snapshot Update: Latham & Watkins leads on Airbnb $3.5bn IPO

Airbnb’s initial public offering was the largest US IPO of 2020, with stock values doubling their predicted $68. Despite facing disappointing figures in the first two quarters of 2020, Airbnb made a surprising recovery as lockdowns began to ease and tourists opted to stay in houses instead of hotels. Partly due to 2021 optimism, Airbnb’s recovery was fuelled by investors betting on a rebound of the travel sector, in anticipation of loosened lockdown restrictions this year. Given the administration of the new Covid-19 vaccine, it is no surprise that optimism has increased for a travel industry recovery.

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