Watching the Big IPOs

Wall Street has been closely watching two IPOs this week, and both have been very popular. DoorDash (DASH) went public yesterday.

DoorDash’s pre-IPO price went from a range of $75 to $85 per share up to $90 to $95 per share. The stock was eventually priced at $102 per share. The first trade was at $182 per share. At one point, it hit $195.50 per share.

Airbnb (ABNB) had been looking at a price range of $44 to $50 per share. That was increased to $56 to $60 per share. Last night, the stock was priced at $68 per share.

We’re now awaiting the opening trade. I asked Twitter and nearly half think ABNB will open at $100 per share.

Update: ABNB opened at $146.

Posted by on December 10th, 2020 at 9:30 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.