The WSJ reports that Airbnb is expected to price its IPO at $ 67 or $ 68 per share. The unicorn of American hospitality raised its IPO price target earlier this week, from $ 44 to $ 50 to $ 56 to $ 60.

While we are still waiting for the official prices, Airbnb is worth $ 41 billion at its IPO price, using the top price estimate and the company’s stock count of 602,448,251 from its last S-1 / A filing. That figure rises sharply if we include over 50 million shares that could be added to the mix upon exercise of vested options by employees. The company’s fully diluted valuation at its IPO price was estimated at $ 47 billion.

Axios Reports that Airbnb has raised $ 3.5 billion at its fully diluted valuation.

Whichever way you prefer to evaluate the business, its value has risen sharply from a early nadir of the $ 18 billion pandemic. After COVID-19 ravaged the company’s business, it dismissed staff and took outside capital.

Since the end of Q1 and the first months of Q2, Airbnb has recovered, allowing him to file to make public and achieve its highest valuation to date.

The company’s award comes after DoorDash and C3.ai each prices above their own increased ranges, and saw their shares skyrocket from day one of listing. A certain exuberance was therefore not unexpected.

Airbnb starts trading tomorrow morning. More then.