Home-sharing company Airbnb will significantly raise its Initial public offering (IPO) price as it is scheduled to go public this week, valuing the giant at over $40 billion, the Wall Street Journal reported on Sunday.

The American vacation rental online marketplace is most likely to announce a price range of between $56 and $60 per share, up from $44 to $50.

Notably, Airbnb has managed to turn the tide after a few difficult months at the start of the coronavirus pandemic, said its initial public offering would include 51.9 million shares.

Also read: Home-sharing company Airbnb bans parties at its rental properties

The group will go public on Thursday, listing itself on the Nasdaq stock exchange platform under the symbol “ABNB.”

In a testament to Wall Street’s appetite for IPOs for new unicorns, meal delivery service DoorDash is set to make its debut on the market one day before Airbnb.

The startup, propelled by business restrictions due to the coronavirus pandemic, also raised its IPO unit price range to between $90 and $95 per share on Friday.

DoorDash will now be aiming for a valuation of over $30 billion.

Wall Street has set new records in the past two weeks, with the Dow Jones and Nasdaq closing Friday at all-time highs.