Revenue is not back yet, but Airbnb valuation may well be

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Following DoorDash price increase during its planned IPO, home-sharing company Airbnb said it will also be looking to raise more than it initially asked investors.

On Monday, Airbnb said it was looking to raise the stock price to between $ 56 and $ 60 apiece, from $ 44 previous to $ 50 – valuing the company at $ 42 billion on a fully diluted basis. Even on an undiluted basis, Airbnb would be listed on the stock market at a value of some $ 36 billion, which would put it above its all-time high pre-pandemic price of $ 31 billion. In short: Investors in public markets are excited about Airbnb’s return, even at a time when the company’s results have still rebounding in pre-COVID times.

In fact, private market investors seem to be thrilled with many tech IPOs at the moment. DoorDash, with its business model arguably more watched from public market investors than Airbnb’s, is looking to double its valuation in the private market in its early days.

It’s a busy time for startups: before the pandemic, rounds were ending at a breakneck pace, and now they’re done even faster. This New York Times The article by former colleague and Term Sheet editor Erin Griffith details an investor, Rahul Vohra, who hears a speech and signs a deal on the same day. The September bill’s investment in security firm Snyk, meanwhile, was made within 48 hours of meeting the duo for a deal that valued the company at $ 2.6 billion. No small cents here. Which inevitably raises the question: is it getting too loud?

WOMEN IN VC, IN FIGURES, IN THE PANDEMIC: PitchBook, next Microsoft for Startups and Beyond the Billion, analyzed the impact of the coronavirus on the founding women. He found that “the pandemic has had a disproportionately negative impact on female founders and CEOs, despite undeniable and long-term gains in venture capital investments over the past decade.” In the first three quarters of 2020, funding for female founders fell 31% from the same period a year earlier, while funding for all-male teams fell only 16%. Read more.

Lucinda Shen
Twitter: @shenlucinda
E-mail: lucinda.shen@fortune.com


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