Facebook Eyes Higher Price Range Despite earlier reports of weak demand, Facebook ‘s initial public offering is highly oversubscribed and could result in a higher price range for the shares next week, sources told CNBC Friday. Facebook has filed to price its IPO at a range of $28-$35 — in a deal that could raise up to $13.6 billion in proceeds, and value the company at around $96 billion. A Facebook spokesperson declined to comment on the IPO. Full Story Full Coverage: The Facebook IPO - The Social Offering
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Facebook Eyes Higher Price Range

Despite earlier reports of weak demand, Facebook ‘s initial public offering is highly oversubscribed and could result in a higher price range for the shares next week, sources told CNBC Friday. Facebook has filed to price its IPO at a range of $28-$35 — in a deal that could raise up to $13.6 billion in proceeds, and value the company at around $96 billion.

A Facebook spokesperson declined to comment on the IPO.

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Full Coverage: The Facebook IPO - The Social Offering

Source: cnbc.com

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