<p>Home-sharing giant Airbnb, which is scheduled to go public this week, will significantly raise its IPO price, valuing the group at more than $40 billion, the <em>Wall Street Journal</em> reported Sunday.</p>.<p>The group is expected to announce a price range of between $56 and $60 a share, up from $44 to $50, the paper said.</p>.<p>Airbnb did not respond when contacted Sunday for comment.</p>.<p>The vacation rental platform, which has managed to turn the tide after a few difficult months at the start of the coronavirus pandemic, said its initial public offering would include 51.9 million shares.</p>.<p>The group will go public Thursday and will be listed on the Nasdaq stock exchange platform under the symbol "ABNB."</p>.<p>At the increased price, the champion of the gig economy could reach a stock market valuation of $42 billion.</p>.<p>In a testament to Wall Street's appetite for IPOs for new unicorns, meal delivery service DoorDash will make its debut on the market one day before Airbnb.</p>.<p>The startup, propelled by business restrictions due to the virus, also raised its IPO unit price range to between $90 and $95 per share on Friday, versus $75 to $85 previously.</p>.<p>The meal delivery company will now be aiming for a valuation of more than $30 billion.</p>.<p>Wall Street has set new records in the past two weeks, with the Dow Jones and Nasdaq closing Friday at all-time highs.</p>
<p>Home-sharing giant Airbnb, which is scheduled to go public this week, will significantly raise its IPO price, valuing the group at more than $40 billion, the <em>Wall Street Journal</em> reported Sunday.</p>.<p>The group is expected to announce a price range of between $56 and $60 a share, up from $44 to $50, the paper said.</p>.<p>Airbnb did not respond when contacted Sunday for comment.</p>.<p>The vacation rental platform, which has managed to turn the tide after a few difficult months at the start of the coronavirus pandemic, said its initial public offering would include 51.9 million shares.</p>.<p>The group will go public Thursday and will be listed on the Nasdaq stock exchange platform under the symbol "ABNB."</p>.<p>At the increased price, the champion of the gig economy could reach a stock market valuation of $42 billion.</p>.<p>In a testament to Wall Street's appetite for IPOs for new unicorns, meal delivery service DoorDash will make its debut on the market one day before Airbnb.</p>.<p>The startup, propelled by business restrictions due to the virus, also raised its IPO unit price range to between $90 and $95 per share on Friday, versus $75 to $85 previously.</p>.<p>The meal delivery company will now be aiming for a valuation of more than $30 billion.</p>.<p>Wall Street has set new records in the past two weeks, with the Dow Jones and Nasdaq closing Friday at all-time highs.</p>