Placeholder Image

Subtitles section Play video

  • hot year for IPOs is getting even hotter.

  • Airbnb is jacking up its I P O price range, valuing itself at up to $42 billion.

  • A regulatory filing Monday showed theme Erica home rental firm plans to price 51.6 million shares at between $56.60 dollars apiece in its market debut later this week.

  • That's significantly higher than the 44 to $50 range it had targeted earlier.

  • That would give the company a fully diluted valuation, off $41.8 billion at the upper end of the range, more than double the $18 billion it was worth in April.

  • In a private fundraising round in the early weeks of the health crisis, Airbnb has mounted a comeback since then.

  • It initially struggled in the immediate aftermath of the crisis as travel came to a halt, but his lockdowns eased.

  • MAWR travelers chose to book homes instead of hotels.

  • It has been a bumper year started with huge I pose that just saw food delivery startup door dash raise its I P O price range last week.

hot year for IPOs is getting even hotter.

Subtitles and vocabulary

Click the word to look it up Click the word to find further inforamtion about it