Airbnb expects to raise its share offer price from the initial $44 to $50 apiece to a range between $56 and 60 per share, according to CNBC. The company targets to sell $3.1 billion shares valuing the company at about $41.8 billion at the upper price range.
- The company’s higher share price offering range underscores the demand for new U.S. stocks even as other firms such as Food delivery startup DoorDash on Friday raised its IPO price range target.
- The new Airbnb valuation is well above the $18 billion the company was worth in April and above the $31 billion in its last pre-pandemic fundraising in 2017
Airbnb’s stock market debut is slated for December 10 on NASDAQ and will be one of the largest and most anticipated U.S. IPOs of 2020.
