Airbnb Inc on Wednesday sold shares in its initial public offering (IPO) on Wednesday at $68 apiece, above its targeted price range, to raise around $3.5 billion, according to a person familiar with the matter.
The IPO gives Airbnb a fully diluted valuation – which includes securities such as options and restricted stock units – of $47.3 billion, capping a turnaround in fortunes for the U.S. home rental firm that was hit hard by travel restrictions used to curb the COVID-19 pandemic.
