<p><img src="https://static3.businessinsider.com/image/5fc4b1bc50e71a0011557e29-2400/shutterstock_658439380.jpg" border="0" alt="airbnb" data-mce-source="Tero Vesalainen / Shutterstock"></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><ul class="summary-list"><li>Airbnb and DoorDash are expecting higher than estimated valuations in two of the most anticipated market debuts this year, the Wall Street Journal reported.</li><li>Airbnb plans to target a valuation between $30 billion to $33 billion, above its previous $30 billion estimate.</li><li>DoorDash is seeking a valuation between $25 billion to $28 billion, up from a previous estimate of $25 billion.</li><li>It is unclear what Airbnb and DoorDash's per-share price ranges are for their mid-December IPOs.</li><li><a href="https://www.businessinsider.com/'hprecirc-bullet">Visit Business Insider's homepage for more stories</a>.</li></ul><hr><p>Airbnb and DoorDash plan to target higher valuations for their December IPOs, as the technology sector continues to attract billions in investor flows, the <a href="https://www.wsj.com/articles/airbnb-doordash-aim-for-higher-than-expected-valuations-ahead-of-debuts-11606689243'st=pf8pnt49bxkbj1b&reflink=article_copyURL_share">Wall Street Journal</a> reported Monday.</p><p>Airbnb is seeking a target range of around $30 billion to $33 billion ahead of its Tuesday investor roadshow, the WSJ said, citing sources. The US-based vacation rental company was previously eyeing a <a href="https://markets.businessinsider.com/news/stocks/airbnb-ipo-plans-to-file-early-as-november-2020-11-1029771348">$30 billion valuation</a>. </p><p>DoorDash is looking at a range of between $25 billion to $28 billion, higher than the $25 billion valuation that the door-delivery service had previously anticipated, the Journal said. An investor roadshow for the biggest player in the food-delivery service market is scheduled to kick off Monday.</p><p>Ordinarily, a company going public appoints underwriters, or investment banks, to set initial price ranges. After it decides how many shares to sell publicly, the nominated underwriter sets forth a valuation. Then an initial share price is released and investors can start trading shares once the company is publicly listed. </p><p><strong><em>Read More:</em></strong> <a href="https://www.businessinsider.com/stock-market-crash-strategist-warns-dotcom-housing-bubble-speculation-cecchini-2020-11"><em>'Equity markets have devolved into casinos': A former Wall Street chief strategist unloads on the toxic narratives fueling a speculative bubbleand implores investors to heed the warnings of 1999 and 2007</em></a></p><p>At this point, it is unclear what Airbnb and DoorDash's per-share price ranges are. Representatives did not immediately respond to Business Insider's requests for comment.</p><p>Both companies are on track for IPOs scheduled to take place in mid-December, a month that's usually quiet for public debuts. But market activity was boosted to a record-setting milestone last week when the <a href="https://markets.businessinsider.com/index/dow_jones'utm_source=markets&utm_medium=ingest">Dow Jones</a> hit 30,000 after clarity on the US election lifted investor sentiment.</p><p>This year has seen a record amount raised through new public offerings on US exchanges. Over $140 billion has been raised via 383 IPOs this year, beating the full-year record high set in 1999, WSJ said, citing data from Dealogic.</p><p><strong><em>Read More: </em></strong><a href="https://www.businessinsider.com/stock-picks-to-buy-high-upside-investment-names-2021-goldman-2020-11"><em>GOLDMAN SACHS: Buy these 16 stocks that are underestimated for now, but should crush expectations in 2021-22 on the way to at least 20% upside</em></a></p><p><strong>SEE ALSO: <a href="https://markets.businessinsider.com/news/stocks/sp-global-takeover-deal-ihs-markit-wsj-2020-11-1029847879" >S&P Global is close to buying London-based financial data provider IHS Markit for $44 billion, report says</a></strong></p><p><a href="https://markets.businessinsider.com/news/stocks/airbnb-and-doordash-target-higher-valuations-for-december-ipo-2020-11-1029848143#comments">Join the conversation about this story »</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/pikes-peak-hill-climb-colorado-most-dangerous-racetrack-2020-2">Why Pikes Peak is the most dangerous racetrack in America</a></p>
Click here to read full news..