Airbnb has managed to turn the tide after a few difficult months at the start of the coronavirus pandemic.
WASHINGTON: Home-sharing giant Airbnb, which is scheduled to go public this week, will significantly raise its IPO price, valuing the group at more than $40 billion, the Wall Street Journal reported Sunday.
The group is expected to announce a price range of between $56 and $60 a share, up from $44 to $50, the paper said.
Airbnb did not respond when contacted Sunday for comment.
The vacation rental platform, which has managed to turn the tide after a few difficult months at the start of the coronavirus pandemic, said its initial public offering would include 51.9 million shares.
The group will go public Thursday and will be listed on the Nasdaq stock exchange platform under the symbol “ABNB.”
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