Facebook Ups IPO Pricing Range
As the frenzy towards the IPO of Facebook builds, the social networking site said in a filing that it has raised its initial public offering price to between $34.00 and $38.00 per share. The pricing range is up significantly from its initial estimates of $28.00 to $35.00 per share, which it set on May 3rd. Facebook is widely expected to hit the markets this week, on the heels of Facebook founder Mark Zuckerberg's birthday.
posted on Tuesday, May 15, 2012
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