Today's Hard|Forum Post
Today's Hard|Forum Post

Tuesday May 15, 2012

Facebook Raises IPO Price

Facebook has increased the price range for its stock from $28 - $35 to the $34 - $38 range. The company expects to raise more than ten times as much as Google's IPO in 2004. eek!

The Menlo Park, Calif. company said in a regulatory filing that it now expects to sell its stock for between $34 and $38 per share, up from its previous range of $28 to $35. At the upper limit of $38 per share, the sale would raise about $12.8 billion. The IPO is expected to be completed late Thursday and begin trading on the Nasdaq Stock Market on Friday under the ticker symbol "FB."