Airbnb raises share pricing range before IPO on Thursday

New figure follows surprise third-quarter profit and values the company at up to $42bn

Airbnb has raised the price of its shares before its initial public offering this week and could float with a valuation of as much as $42bn (31.5bn).

In a government filing in the US on 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.