Airbnb Reportedly Planning to increase the proposed Increase IPO Price Range to $56 to $60 Per Share

Monday, December 7, 2020 3:59 AM | MT Newswires

Airbnb Inc. is planning to increase the proposed price range of its initial public offering to between $56 and $60 per share from the previously disclosed price range of between $44 and $50 per share, The Wall Street Journal reported on Sunday, citing unnamed people familiar with the matter.

The increased price range will value the digital home-rental company at up to $42 billion, according to the report. Airbnb, which is expected to trade under the ticker symbol ABNB, is expected to set its final IPO price in the coming days, the report said.

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