Airbnb's IPO valuation tops $40 billion

Short-term rental service Airbnb plans to raise its price per share to $56-60 during the IPO, thus valuing itself at a maximum of $42 billion, writes WSJ.

Sources of the publication say that the company will increase the value of one share by almost 20% at once - from the planned $44-50 to $56-60. This is another sign that the red-hot IPO market is ending the year on a high note.

At the top of the new share price range, Airbnb will raise $3.1 billion from the IPO, according to Reuters, and will have a total valuation (including options and special class shares) of $41.8 billion. the startup's valuation has fallen to $18 billion, and exceeds even the 2017 estimate of $31 billion.

Together with Airbnb, the stock price range during the IPO boosted DoorDash, the largest U.S. food and grocery delivery service, from $75-80 to $90-95. In the latter case, the San Francisco startup could be valued at $36 billion.

Airbnb's stock market debut, scheduled for Dec. 10 on the US NASDAQ, will be one of the largest and most anticipated US IPOs in 2020, which has already been a record year for IPOs. By the beginning of December 2020, more than $140 billion had been raised on US exchanges during the IPO.

Despite the fact that December is usually a quiet time in the IPO market, in 2020, in the last month of the year, the market is waiting for a flurry of offerings, according to the WSJ. In addition to Airbnb and DoorDash, video game company Roblox Corp is expected to debut before the end of the year. and Wish's parent company, ContextLogic Inc. With what results Airbnb approached the IPO, we told here .