IPOs Being Launched This Week

December 8th, 2020

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December is on track to be the busiest year-end on record for initial public offerings in the U.S. This Friday, quite a few companies are expected to start trading in the stock market. Here are two IPOs that are expected to start trading this week:

Doordash (DASH)

When the pandemic shut down indoor dining, Doordash was one of the many food delivery companies that saw a surge in business. During 2020, Doordash saw one of it's most profitable years ever. However, this was attributed to people's growing demand to have food delivered to them in an attempt to stay socially distant. As we keep progressing toward a vaccine and a return to life pre-covid, analysts advise that Doordash can see a deceleration of business. The stock is expected to open at the price range of 75 to 85 dollars.

Airbnb (ABNB)

The travel industry suffered greatly throughout the covid period and Airbnb was no exception. However, as we look forward to a better life post-covid, the travel industry is expected to make a great comeback. Because of its home-sharing model, and the fact that Airbnb is meant to serve as a more economical option over hotels, analysts are predicting that the company will do really well in a post-pandemic world. The stock is expected to open at a price range of 45 to 55 dollars, which is supposed to be a great value, according to analysts.

There's a few more other stocks that are expected to begin trading this week. Be sure to check back with us on Thursday, as we provide our own brief analysis on some of the most popular ones.

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