In an unrated report dated Dec 9, PhillipCapital says Airbnb may gain traction as a recovery play in 2021 on the release of a potential Covid-19 vaccine.

The vacation rental online marketplace is set to list some $51.9 million shares at a revised offer of US$56 ($74.88) to US$60 per share on NASDAQ on Dec 10.

The share price is higher than the US$44 to US$50 that was originally planned on the back of improved sentiment.

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