There are other IPOs in the wings: We’re still waiting on early pricing information

from Affirm  and Roblox, and DoorDash raised its range last week.

The upcoming calendar is busy. C3.ai and

DoorDash should price tomorrow and trade Wednesday. Airbnb should price Wednesday and
trade Thursday. Upstart will price next Tuesday and trade the following day.

In normal times, we’d take each element of today’s IPO news fusillade and parse it in its own
post. But we only have 10 fingers, so let’s double-time through the numbers and get to what
matters while you drink coffee. To work!

Airbnb and C3.ai

Public investors are bidding shares of both Airbnb and C3.ai up ahead of their debuts.

This morning, C3.ai, a company that sells enterprise AI technology, raised its IPO price range
from $31-$34 to $36-$38 per share. It both raised and tightened its range, the latter often
happening as a company gets a better handle on where demand lies as it ramps toward final
pricing and eventual trading.

There are two ways to calculate the company’s new valuation

range. The first uses the company’s nondiluted, expected post-
IPO share count of 98,655,627, a figure that includes a little
more than 2 million shares reserved for underwriters. At that
share count, C3.ai would be worth between $3.57 billion and
$3.77 billion.