{"id":127851,"date":"2020-12-07T11:56:06","date_gmt":"2020-12-07T08:56:06","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/airbnb-to-increase-ipo-price-report\/"},"modified":"2020-12-07T11:56:06","modified_gmt":"2020-12-07T08:56:06","slug":"airbnb-to-increase-ipo-price-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/airbnb-to-increase-ipo-price-report\/","title":{"rendered":"#Airbnb to increase IPO price: report"},"content":{"rendered":"

“#Airbnb to increase IPO price: report<\/strong>”<\/p>\n

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\"Airbnb
\n Airbnb has managed to turn the tide after a few difficult months at the start of the coronavirus pandemic
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Home-sharing giant Airbnb, which is scheduled to go public this week, will significantly raise its IPO price, valuing the group at more than $40 billion, the Wall Street Journal reported Sunday.<\/p>\n

The group is expected to announce a price range of between $56 and $60 a share, up from $44 to $50, the paper said.<\/p>\n

Airbnb did not respond when contacted Sunday for comment.<\/p>\n

The vacation rental platform, which has managed to turn the tide after a few difficult months at the start of the coronavirus pandemic, said its initial public offering would include 51.9 million shares.<\/p>\n

The group will go public Thursday and will be listed on the Nasdaq stock exchange platform under the symbol “ABNB.”<\/p>\n

At the increased price, the champion of the gig economy could reach a stock market valuation of $42 billion.<\/p>\n

In a testament to Wall Street’s app<\/a>etite for IPOs for new unicorns, meal delivery service DoorDash will make its debut on the market one day before Airbnb.<\/p>\n

The startup, propelled by business restrictions due to the virus, also raised its IPO unit price range to between $90 and $95 per share on Friday, versus $75 to $85 previously.<\/p>\n

The meal delivery company will now be aiming for a valuation of more than $30 billion.<\/p>\n

Wall Street has set new records in the past two weeks, with the Dow Jones and Nasdaq closing Friday at all-time highs.\n <\/p>\n\n

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Airbnb seeks valuation up to $35 bn in IPO filing\n <\/p><\/div>\n

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\n \u00a9 2020 AFP<\/p>\n

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Citation<\/strong>:
\n Airbnb to increase IPO price: report (2020, December 7)
\n retrieved 7 December 2020
\n from https:\/\/techxplore.com\/news<\/a>\/2020-12-airbnb-ipo-price.html<\/p>\n

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