UPDATE: Airbnb shares indicated to more than double at opening after IPO priced above range

Airbnb Inc. shares ABNB, +115.62% were indicating to more than double when the open for trading Thursday, after the home rental company priced its initial public offering well above its proposed price range late Wednesday. Airbnb shares were indicated at $155.11, according to FactSet data, compared with the $68 IPO price. That was above the company’s $56 to $60 price range. The company raised $3.5 billion at a valuation of more than $40 billion. The stock will start trading later Thursday on Nasdaq, under the ticker symbol “ABNB.”

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