Airbnb said today it is looking to sell up to $2.6 billion in stock in its planned initial public offering, which could value the home rental firm at as much as $34.8 billion in the last blockbuster US IPO of the year. 

The company set a target price range to sell 51.9 million shares at between $44 and $50 apiece, it said in a regulatory filing

Including the option shares, Airbnb is aiming to raise about $2.85 billion at the upper end of the range. 

At the top of its target range, the IPO would give Airbnb a fully diluted valuation, which includes securities such as options and restricted stock units, of $34.8 billion.

This is nearly double the $18 billion Airbnb was worth in an April private fundraising round. 

Airbnb's market capitalisation at $50 per share would total $30 billion. 

Airbnb, which plans to list on the Nasdaq under the symbol ABNB, made its IPO registration public earlier this month and showed that it turned a profit in the third quarter despite the Covid-19 pandemic. 

Reuters was the first to report in October that Airbnb was aiming to raise around $3 billion in its IPO that could value it at more than $30 billion.