diff --git a/package-lock.json b/package-lock.json
index 40110b82b53..50296a6ae96 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,6 +1,6 @@
 {
   "name": "prebid.js",
-  "version": "5.3.0",
+  "version": "5.3.0-pre",
   "lockfileVersion": 1,
   "requires": true,
   "dependencies": {
diff --git a/package.json b/package.json
index e254410e5fc..2f3515d3297 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "prebid.js",
-  "version": "5.16.0-pre",
+  "version": "5.16.0",
   "description": "Header Bidding Management Library",
   "main": "src/prebid.js",
   "scripts": {