Airbnb will list its stock on the NASDAQ this Thursday, and analysts reckon the company will price its shares between $56 and $60 a piece.
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.
The <3 of EU tech
The latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!
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.
Get the TNW newsletter
Get the most important tech news in your inbox each week.