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Airbnb and "America Hungry" Doordash overvalued

via:华尔街见闻     time:2020/11/30 9:04:27     readed:115

Recently, the valuations of two IPO stocks that have attracted much attention in the US stock market have exceeded expectations.Airbnb, the originator of short rent, plans to target $30 billion to $33 billion in investor roadshows starting on Tuesday, up from $30 billion previously expected, the Wall Street Journal quoted people familiar with the matter. As the epidemic hit the tourism industry hard, airbnb finally turned losses into profits in the third quarter after a series of measures.


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Meanwhile, the US version of "hungry" door dash also plans to set a target of $25 billion to $28 billion before the roadshow starts on Monday, up from $25 billion previously expected by people familiar with the matter. As the largest takeaway website in the United States, doordash took advantage of the epidemic to usher in an explosive growth in its performance.

Two of them are now preparing to go public in mid December. It is not clear how much the two companies will disclose the price range.

This year's soaring valuations of technology companies have attracted a large number of private companies to go public, and the rise in the stock market has also boosted market activity.

On Friday, online sales were strong during Thanksgiving in the United States, with both the S & P and the NASDAQ hitting record highs. The Dow was close to record highs, with both up more than 2% last week and more than 10% this month.

In addition, according to Dealogic, 383 IPOs on the U.S. stock exchange have raised more than $140 billion so far this year, far exceeding the annual record set during the Internet boom in 1999.

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