much-anticipated initial public offering is expected after Wednesday’s close to price above the expected range, according to a report in The Wall Street Journal. The stock is expected to begin trading on Thursday, the WSJ report said. Earlier this week, the San Francisco-based home-rental company had raised the expected pricing range of its IPO to between $56 and $60 a share from between $44 and $50 a share. The expected IPO pricing would value Airbnb at more than $42 billion, the WSJ report said. Late Tuesday, no less than three initial public offerings from DoorDash Inc.
and PubMatic Inc.
all priced above their expected ranges. Investor demand for IPOs has been strong this year, as witnessed by the 39.3% surge in the Renaissance IPO ETF
year to date, compared with the S&P 500’s