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  • Airbnb has plans to boost the target price range for its initial public offering to a price between $56 to $60 per share.

  • That's according to a person familiar with the matter on Sunday, speaking on anonymity as the plans are private.

  • The US home rental company has previously said its AIPO at about $44.50 dollars apiece at the upper end of the range.

  • This would mean Airbnb would sell over $3 billion in stock and have a fully diluted valuation, which includes securities such as options and restricted stock units of over 41 billion.

  • This is well above the 18 billion Airbnb was worth in April in a private fundraising round in the early weeks of the coronavirus pandemic.

  • Airbnb stock market debut, slated for December 10th on NASDAQ, will be one of the largest and most anticipated US listings off 2020.

Airbnb has plans to boost the target price range for its initial public offering to a price between $56 to $60 per share.

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