THELOGICALINDIAN - Trading for an Airbnb acquired arrangement opened on FTX on Wednesday starting at 60 A aberration during yesterdays IPO has now put abounding traders in abundant accumulation
FTX traders who bought Airbnb banal afore NASDAQ listed the rental belvedere accept aloof won big on their bet.
Frontrunners Bet Big on Airbnb
The online rental barter went live as a acquired arrangement on the barter on Wednesday, a day afore the company’s Initial Public Offering.
The amount of the stocks has back soared afterward the company’s awful advancing IPO.
Source: TradingView
FTX CEO Sam Bankman-Fried shared account of the advertisement on Wednesday, pointing out that it went alive advanced of Nasdaq. FTX, which is accepted for derivatives trading, has congenital a able acceptability for its avant-garde assignment in the cryptocurrency space.
Earlier this year, the belvedere listed Facebook and Netflix, amid others. Its circadian trading aggregate is currently about $2 billion.
The Airbnb derivatives opened at $60 on FTX — about the amount it was accepted to accessible at in the IPO. The affairs were advised to accomplish in band with Airbnb stock’s bazaar cap at the end of its aboriginal accessible trading day.
The ABNB allotment amount was listed for $68 in the IPO, but trading opened at $146, putting its bazaar cap at a massive $86.5 billion.
After the aboriginal accessible trading day, the derivatives on FTX became Fractional Stocks contracts.
The amount billow agency that anyone who bought aboriginal on FTX has added than angled their money in beneath than 48 hours.
ABNB is currently trading at $147 on Nasdaq.
