Airbnb Raises IPO Price Amid Hot Market... Valuation Expected to Reach Up to $42 Billion

[Asia Economy Reporter Naju-seok] Airbnb, the world's largest accommodation sharing site, has raised its IPO price range.

The Wall Street Journal (WSJ) reported on the 6th (local time) that Airbnb raised its IPO price range from $44-$50 per share to $56-$60 per share. Based on the revised IPO price, Airbnb's valuation reaches up to $42 billion (45.47 trillion KRW). Airbnb's initial public offering (IPO) is scheduled for the 10th.

[Image source=Reuters Yonhap News]

DoorDash, a food delivery service app going public a day before Airbnb, set its IPO price range at $90-$95 per share. Based on the IPO price, its valuation reaches $36 billion.

WSJ attributed this to the stock market rally toward the end of this year combined with growing IPO expectations.

Both Airbnb and DoorDash have already confirmed their popularity through roadshows and other events.

This year, the U.S. market has raised $140 billion through IPOs. According to Dealogic, this is the largest amount since data collection began in 1995, surpassing the IPO records during the dot-com boom in 1999.

This content was produced with the assistance of AI translation services.