fbpx

Airbnb, DoorDash Aim for Higher-Than-Expected Valuations

Airbnb, DoorDash Aim for Higher-Than-Expected Valuations

Airbnb Inc. and DoorDash Inc. are planning to release higher-than-expected valuation ranges for their initial public offerings, in the latest sign of

Migrant women file class-action lawsuit for alleged medical abuse at ICE detention center
She was a ‘guinea pig’ in an Irish institution. Now she’s hoping for justice.
These Companies Want to Charge Your Electric Vehicle as You Drive

Airbnb Inc. and DoorDash Inc. are planning to release higher-than-expected valuation ranges for their initial public offerings, in the latest sign of strength in a booming market for new issues.

Airbnb is planning to target a range of around $30 billion to $33 billion—using a fully diluted share count—when the home-rental startup kicks off its investor roadshow Tuesday, according to people familiar with the matter. That is greater than $30 billion people close to the offering had expected.

DoorDash, meanwhile, plans to target a range of around $25 billion to $28 billion on a fully diluted basis ahead of a roadshow expected to begin Monday. That is greater than the $25 billion people close to the offering had expected.

Typically companies and their underwriters seek to set relatively conservative initial ranges, with room to potentially price the shares at the high end or above them before trading starts.

It isn’t clear what per-share price ranges the companies will disclose.

This post first appeared on wsj.com

Do You Enjoy This Article?
Sign up for our newsletter and receive FREE access to download SuccessDigest Digital Weekly Edition for attainment of your financial freedom in the new digital economy!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.

COMMENTS

WORDPRESS: 0
DISQUS: 0
%d bloggers like this: