Valuations of both Airbnb and DoorDash have been boosted after roughly a week of investor meetings known as roadshows.
December is typically a quiet time in the IPO market. This year there will instead be a flurry of offerings. In addition to Airbnb and DoorDash, videogame company Roblox Corp. and the parent of online retailer Wish, ContextLogic Inc., are expected to debut before the year is through.
For companies now, including Airbnb and DoorDash, roadshows have been conducted differently than they would have in the pre-Covid-19 world. Executives have been marketing their offerings to mutual funds and hedge funds in Zoom meetings rather than in the typical whirlwind tour across the country.
Both Airbnb and DoorDash and their respective underwriters will set their final IPO prices in the coming days. Morgan Stanley and Goldman Sachs Group Inc. are leading Airbnb's IPO, while Goldman and JPMorgan Chase & Co. are leading DoorDash's.
Write to Maureen Farrell at maureen.farrell@wsj.com
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