Airbnb plans to hike the price range for its IPO, seeks a valuation of $41.8b

Airbnb plans to hike the price range for its IPO, seeks a valuation of $41.8b

REUTERS/Charles Platiau

Airbnb Inc has plans to raise the target price range for its initial public offering (IPO) to between $56 and $60 per share, underscoring demand for new U.S. stocks, a person familiar with the matter said on Sunday.