Inside money, markets, and Big Tech

This article was published on December 9, 2020


Airbnb to be bigger than eBay after its long-awaited IPO

... but smaller than Lululemon

Airbnb to be bigger than eBay after its long-awaited IPO
David Canellis
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David Canellis

David is a tech journalist who loves old-school adventure games, techno and the Beastie Boys. He's currently on the finance beat. David is a tech journalist who loves old-school adventure games, techno and the Beastie Boys. He's currently on the finance beat.

Airbnb will list its stock on the NASDAQ this Thursday, and analysts reckon the company will price its shares between $56 and $60 a piece.

If that’s true, Airbnb would boast a market value of $42 billion  a little less than active wear darling Lululemon but $6 billion more than eBay.

The Wall Street Journal noted that figure includes the $3.3 billion the company is likely to raise tomorrow.

airbnb, stock, ipo
If Airbnb was in the NASDAQ 100, it’d be #57.

Investors have been waiting for Airbnb‘s IPO years, and traders are likely watching on-demand delivery startup DoorDash’s Wednesday listing closely as a barometer for what’s in store.

DoorDash, which is also headquartered in San Francisco, has set the initial price for its shares at $102, valuing it at $39 billion.

DoorDash‘s CEO is expected to become an instant billionaire as a result, while Airbnb‘s three founders reportedly hit that milestone back in 2014.

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