According to a report, Airbnb will value its stocks for the IPO above the recently raised target range of $ 56-60

The Wall Street Journal reports that the San Francisco home rental service will set its price target above $ 60 on the Wednesday before its trading debut on Thursday It will trade under the symbol “(ABNB) – Get Report”

The new expected price would value Airbnb at more than $ 42 billion. The company is expected to raise more than $ 3 billion in its IPO

On Monday, Airbnb raised the price range of its initial public offering to $ 56-60 per share

The company said it lost $ 697 million in the first three quarters of 2020 as the coronavirus pandemic decimated the travel and hospitality industry

It’s been a hot year for IPOs DoorDash (DASH) – Get Report valued its own IPO at $ 102 per share ahead of its previous target, and the company at around $ 39 billion USD valued

Jim Cramer told his Mad Money audience on Monday that the DoorDash story has a lot to like about the company, he said, and has both market share and growth, and while it is still investing in growth and losing tons of money margins, move it in the right direction

E-retailer Wish makes its debut next week, and financial technology company Affirm and video game company Roblox are expected to go public later this month

More than $ 140 billion raised in initial public offerings on US Stock exchanges this year far exceeded the previous full year record of 1999

Airbnb shares, Doordash IPO

World news – USA – Airbnb is said to be above the increased IPO reach

Source: https://www.thestreet.com/investing/airbnb-abnb-pricing-above-expected-range