SAN FRANCISCO: Home-sharing giant Airbnb bumped its share price up to $68 heading into its stock market debut, putting the San Francisco-based company in a position to raise about $3.7 billion, the Wall Street Journal and other outlets reported. The offering, whose share price is far higher than the range Airbnb had previously indicated, gives the rental platform a market value of about $47 billion, the Journal reported. The company, which will be listed on the Nasdaq stock exchange under the ticker symbol “ABNB,” said in a filing with securities regulators that its home-sharing model proved resilient during the global pandemic, as it posted a profit for the just-ended quarter. TLTP
