The WSJ is reporting that Airbnb is predicted to priced its IPO at both $67 or $68 per share. The American hospitality unicorn raised its IPO price target earlier this week, from $44 to $50 to $56 to $60.
Whereas we’re nonetheless ready for official pricing, Airbnb is price $41 billion at its IPO worth, utilizing the higher pricing estimate and the corporate’s share rely of 602,448,251 from its most up-to-date S-1/A submitting. That determine rises sharply if we included greater than 50 million shares that might be added to the combo upon the train of vested worker choices. The corporate’s fully-diluted valuation at its IPO worth was calculated to be $47 billion.
No matter how you favor to worth the corporate, its price has risen sharply from an early-pandemic nadir of $18 billion. After COVID-19 ravaged the corporate’s enterprise, it laid off staff and took on exterior capital.
The corporate’s pricing comes after each DoorDash and C3.ai every priced above their own raised ranges, and saw their shares skyrocket in the first day’s trading. Some exuberance was due to this fact not sudden.
Airbnb begins buying and selling tomorrow morning. Extra then.