Airbnb is jacking up its I P O price range, valuing itself at up to $42 billion.

A regulatory filing Monday showed theme Erica home rental firm plans to price 51.6 million shares at between $56.60 dollars apiece in its market debut later this week.

That's significantly higher than the 44 to $50 range it had targeted earlier.

That would give the company a fully diluted valuation, off $41.8 billion at the upper end of the range, more than double the $18 billion it was worth in April.

In a private fundraising round in the early weeks of the health crisis, Airbnb has mounted a comeback since then.

It initially struggled in the immediate aftermath of the crisis as travel came to a halt, but his lockdowns eased.

MAWR travelers chose to book homes instead of hotels.

It has been a bumper year started with huge I pose that just saw food delivery startup door dash raise its I P O price range last week.