Airbnb and DoorDash Are Said to Target Higher IPO Valuations
- Firms target valuation increases amid end of year listing rush
- Tech companies’ fortunes diverged amid coronavirus pandemic
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Airbnb Inc. and DoorDash Inc. will disclose higher-than-expected valuation ranges for their initial public offerings when they start their roadshows this week, according to people familiar with the matter.
Airbnb is targeting a range of $30 billion to $33 billion, the people said, asking not to be identified as the matter is private. Airbnb had been valued at $18 billion in April after raising additional debt to shore up its finances.