NEW YORK (AP) - Facebook has set a price range of $28 to $35 for its initial public offering of stock.

     

At the high end, this could raise as much as $11.8 billion.

     

That's much higher than any other Internet IPO in the past, even Google Inc. in 2004.

     

The range came in a regulatory filing Thursday.

     

The Wall Street Journal reported earlier Thursday that the price range would value Facebook Inc. at $85 billion to $95 billion.

      

(Copyright 2012 by The Associated Press.  All Rights Reserved.)