#Airbnb to be bigger than eBay after its long-awaited IPO
“#Airbnb to be bigger than eBay after its long-awaited IPO”
If that’s true, Airbnb would boast a market value of $42 billion — a little less than active wear darling Lululemon but $6 billion more than eBay.
The Wall Street Journal noted that figure includes the $3.3 billion the company is likely to raise tomorrow.
Investors have been waiting for Airbnb‘s IPO years, and traders are likely watching on-demand delivery startup DoorDash’s Wednesday listing closely as a barometer for what’s in store.
DoorDash, which is also headquartered in San Francisco, has set the initial price for its shares at $102, valuing it at $39 billion.
DoorDash‘s CEO is expected to become an instant billionaire as a result, while Airbnb‘s three founders reportedly hit that milestone back in 2014.
Published December 9, 2020 — 17:15 UTC
If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.
For forums sites go to Forum.BuradaBiliyorum.Com
If you want to read more like this article, you can visit our Technology category.
