Airbnb IPO expected to blow past targeted range with pricing

Dec. 09, 2020 10:39 AM ETAirbnb, Inc. (ABNB)ABNBBy: Clark Schultz, SA News Editor40 Comments
  • Airbnb (ABNB) is expected to price its shares above the targeted initial public offering range of $56 to $60, according to The Wall Street Journal.
  • The expected pricing level indicates that Airbnb will be valued at more than $42B when trading begins tomorrow.
  • While research firm Gordon Haskett is already on the books with a Buy rating on Airbnb, Seeking Alpha author Daniel Shvartsman says Airbnb doesn't look like a bargain at the anticipated level of the launch.

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