Facebook ups share price range to $34-$38, likely putting market cap above $100B
Facebook today increased the expected share price range for its initial public offering to $34 to $38 a share, according to an amendment to its S-1 filing with the Securities and Exchange Commission. On the high end, the new price range puts Facebook’s market cap over $100 billion.
Previously, the company set a range of $28 to $35, giving it a maximum valuation of $96 billion. Facebook’s initial price range was relatively low considering that company shares went for $44.10
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