# Airbnb, DoorDash plan higher-than-expected valuations ahead of IPOs
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Airbnb, DoorDash plan higher-than-expected valuations ahead of IPOs
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Public debuts expected in mid-December
Airbnb is planning to target a range of around $30 billion to $33 billion , according to a new report.
AFP via Getty Images
Airbnb Inc. and DoorDash Inc. are planning to release higher-than-expected valuation ranges for their initial public offerings, in the latest sign of strength in a booming market for new issues.
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.
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