Ticker: Airbnb hikes share price ahead of IPO; Uber selling off autonomous car division

Airbnb has raised the price of its shares ahead of its initial public offering this week, betting investors will pay more given its resiliency during the pandemic. In a government filing Monday, Airbnb said it expects to price its shares between $56 and $60 each, up from a range of $44 to $50 earlier this month. Airbnb is expected to issue a final share price late Wednesday ahead of its Thursday IPO on the Nasdaq Stock Market. The new price would let the San Francisco-based home sharing company raise up to $3.4 billion in the offering. That's more than double the $18 billion the company was valued at during a private fundraising round in the spring, when the pandemic shut down global travel and its prospects were uncertain.