Facebook Sets $28 to $35 Price Range for IPO

By: Ja'Mein Beale - Thu, 03 May 2012 15:24:45 -0800

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.)
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