88 days ago • Posted by Charles-Henry Monchau
Airbnb plans to raise price target range for IPO
Airbnb Inc has plans to raise the target price range for its IPO to between $56 and $60 per share. The U.S. home rental firm had on Tuesday set a price range for its IPO to sell shares at $44 and $50 apiece. Airbnb could communicate the upwardly revised price range to investors in a public filing on Monday (today), said Reuters. At the upper end of the new range, Airbnb would sell $3.1 billion in stock and have a fully diluted valuation, which includes securities such as options and restricted stock units, of $41.8 billion. This is well above the $18 billion Airbnb was worth in an April private fundraising round in the early weeks of the COVID-19 pandemic in the United States, and above the $31 billion in its last pre-COVID-19 fundraising in 2017 - source: Reuters.