Facebook raises IPO range to $34-$38 per share; offering would value co. at more than $100M

NEW YORK, N.Y. – Facebook is raising the price at which it plans to sell stock to the public.

The social networking company says in a regulatory filing Tuesday it expects to sell its stock for between $34 and $38 per share. That’s higher than a previous range of $28 to $35.

The initial public offering is the most hotly anticipated in years and would value Facebook at more than $100 billion. The offering is expected to happen Friday.

Facebook has more than 900 million users who log in at least once a month.

Views: 0

You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes