Airbnb, DoorDash Boost Price Ranges Ahead of Mega IPO Week
- Airbnb valuation may hit $42 billion after pandemic bounceback
- Record-setting end to 2020 with U.S. IPOs at December high
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December is set to be the busiest year-end on record for initial public offerings in the U.S., with DoorDash Inc. and Airbnb Inc. ready to start trading this week in long-awaited listings.
The two startups, which are aiming to raise a combined $6.2 billion at the top of their price ranges, will propel the month’s IPO volume to all-time high, surpassing the $8.3 billion mark set in December of both 2001 and 2003, according to data compiled by Bloomberg. IPOs on U.S. exchanges have already raised a record $156 billion this year, the data show.