Airbnb and DoorDash are confidently aiming for even higher IPO valuations

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US-ECONOMY-markets
Photo by ANGELA WEISS/AFP via Getty Images

Two of the year’s most anticipated public listings — DoorDash and Airbnb — will seek higher than expected valuations for their IPOs, new filings show. Each company has seen its fortunes affected by the coronavirus pandemic, with DoorDash surging and Airbnb seeing its business drop off sharply. But both have priced their IPOs in roughly the same range.

Food delivery platform DoorDash is seeking to raise $2.8 billion in its IPO, at a valuation of up to $30 billion. Its most recent valuation pegged it at $16 billion, following a fundraising round of $400 million in June. DoorDash will list 33 million shares priced between $75 and $85.

DoorDash’s star has risen during the pandemic, as restaurants closed to in-person dining. Its IPO...

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source https://www.theverge.com/2020/11/30/21726364/airbnb-doordash-valuations-higher-ipo-wall-street

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