REPORT: Facebook To Hike Price Range Of IPO

Facebook will increase the price range of its May 18 initial public offering Monday or Tuesday, before its order book closes Wednesday, according to Kayla Tausche, reporting on CNBC’s “Squawk on the Street” Friday morning.

Facebook will increase the price range of its May 18 initial public offering Monday or Tuesday, before its order book closes Wednesday, according to Kayla Tausche, reporting on CNBC’s “Squawk on the Street” Friday morning.

The price range Facebook initially announced for next Friday’s IPO was $28 to $35 per share, and if the company seeks to raise that level by more than 20 percent, it must file that request with the Securities and Exchange Commission before Wednesday.

Tausche

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