By Olivia Carville, Katie Roof and Crystal Tse
Airbnb Inc. is planning to increase the price range of its initial public offering, according to people familiar with the matter, pushing its potential valuation to as much as $ 42 billion.
The San Francisco-based company now plans to offer its shares for $ 56 to $ 60 apiece, up from a previous price range of $ 44 to $ 50 each, said the people, who asked not to be identified as the details aren’t public. That would boost Airbnb’s fully diluted valuation from $ 35 billion at the top of the earlier range to $ 42 billion.
A spokesman for Airbnb declined to comment. The Wall Street Journal earlier reported details of the increased price range.
