NEW YORK: A slew of brokerages initiated coverage of Airbnb Inc and DoorDash Inc on Monday, having high hopes for their revenue growth and supporting eye-popping valuations obtained by both last month in stock market launches.
Home rental firm Airbnb was valued at just over US$100 billion at the time of its market debut in the biggest U.S. initial public offering (IPO) of 2020, while food delivery company DoorDash was valued at more than four times its worth at an earlier fundraising round.
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