Posted by: Market Watch in Market Information 26 minutes in the past Most eyes within the tech IPO market are educated on Airbnb Inc. , who
Most eyes within the tech IPO market are educated on Airbnb Inc. , whose richly anticipated public providing may elevate as a lot as $1 billion earlier than the top of the yr. In a observe Friday, MKM Companions analyst Rohit Kulkarni believes the San Francisco-based firm may kick off its IPO roadshow after Thanksgiving and probably begin buying and selling as a public firm within the second week of December. Kulkarni is bullish on the corporate, following a latest rebound in enterprise and a few value reducing. Airbnb reported income of $1.34 billion for this yr’s third quarter — its second-biggest quarter ever. Kulkarni predicts Airbnb’s 2021 bookings may exceed 2019 ranges. What’s extra, he predicts year-over-year gross sales progress of 30% to 60% in 2021.Market Pulse Tales are Fast-fire, brief information bursts on shares and markets as they transfer. Go to MarketWatch.com for extra info on this information.
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