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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.
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That's according to a person familiar with the matter on Sunday, speaking on anonymity as the plans are private.
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The US home rental company has previously said its AIPO at about $44.50 dollars apiece at the upper end of the range.
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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.
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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.
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Airbnb stock market debut, slated for December 10th on NASDAQ, will be one of the largest and most anticipated US listings off 2020.