(Reuters) – Airbnb Inc on Wednesday sold shares in its initial public offering (IPO) at $68 apiece, above its targeted price range, to raise around $3.5 billion, according to a person familiar with the matter.
Airbnb had planned to sell around 51 million shares at $56 to $60 apiece, have raised this range from an earlier target of $44 to $50 per share.
The IPO gives U.S. home rental firm Airbnb a fully diluted valuation – which includes securities such as options and restricted stock units – of $47.3 billion.
(Reporting by Joshua Franklin in Miami and Chibuike Oguh in New York; Editing by Chris Reese)
