The home sharing company raised $3.7 billion in the offering, making it the largest IPO of the year, according to Renaissance Capital.
“This year had a lot of large IPOs,” said Matthew Kennedy, senior IPO market strategist at Renaissance Capital.
Some 19 company IPOs have brought in over a billion dollars, including DoorDash and Airbnb.
Still, individual investors may want to consider waiting a few days after a company has its IPO, if not longer.
The Renaissance IPO ETF, which tracks an index that holds companies that have had an IPO within the last two years, giving more weight to bigger ones, is up 108% this year.