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Airbnb to Boost IPO Price Range, Aims for $42 Billion Value

Airbnb Online Marketplace Illustrations As IPO Prospects Diminish
Photographer: Gabby Jones/Bloomberg
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Airbnb Inc. boosted the price range of its initial public offering, pushing its potential valuation to as much as $42 billion.

The San Francisco-based company will now offer its shares for $56 to $60 apiece, up from a previous price range of $44 to $50 each, according to a filing Monday. That would increase the amount Airbnb is expected to raise to as much as $3.1 billion, and push its fully diluted valuation to $42 billion from $35 billion at the top of the earlier range.