Mutual Funds Eying Facebook: Who Will Bite?

Neither Google nor LinkedIn went public at a time when it was crystal-clear how much their companies would earn and when.

Neither Google nor LinkedIn went public at a time when it was crystal-clear how much their companies would earn and when.

That said, Google shares, which ran roughly $100 apiece at the time of its initial public offering, currently trade at $615. Shares of LinkedIn started trading at $45 in May 2011 and nowadays run about $112.

These are kinds of facts many mutual fund managers — especially those whose funds are comprised of technology stocks or target the large-capital-growth-stock segment of the market that Facebook will join — are now weighing as they considering adding stock in the social network to their portfolios, AP reported.

Pricing of shares was initially expected to fall within the range of $28 to $35 each, according to a regulatory filing Facebook released, with the definitive price schedule to be announced on May 17, one day before the IPO.

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