THE PRICE IS SET: Facebook set an expected price range of $28 to $35 per share Thursday for its initial public offering.
BIG DEAL: Facebook’s IPO would be the biggest ever for an Internet company. At the high end, Facebook and its current shareholders could raise as much as $13.58 billion. That’s much higher than the 2004 IPO for current record-holder Google Inc., which raised $1.9 billion.
THE VALUE: The offering values the company at $76 billion to $95 billion, based on the expected number of Facebook shares following the IPO. That’s about 2.74 billion shares, according to Renaissance Capital, an IPO investment adviser.
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