# Airbnb, DoorDash plan higher-than-expected valuations ahead of IPOs

Airbnb is planning to target a range of around $30 billion to $33 billion—using a fully diluted share count—when the home-rental startup kicks off its investor roadshow Tuesday, according to people familiar with the matter. That is greater than $30 billion people close to the offering had expected.

DoorDash, meanwhile, plans to target a range of around $25 billion to $28 billion on a fully diluted basis ahead of a roadshow expected to begin Monday. That is greater than the $25 billion people close to the offering had expected.

Typically companies and their underwriters seek to set relatively conservative initial ranges, with room to potentially price the shares at the high end or above them before trading starts.

It isn’t clear what per-share price ranges the companies will disclose. Airbnb and DoorDash are on track for listings in mid-December.

An expanded version of this report appears on WSJ.com.

Also popular on WSJ.com:

Former Zappos CEO Tony Hsieh dies at 46 from injuries connected to house fire.

Tesla’s S&P 500 debut is set to put $100 billion in trades in motion.