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Facebook sets $28 to $35 price range for IPO
Posted: 05.03.2012 at 4:19 PM
Read more:  National, Business, Technology, Facebook, Facebook IPO, Facebook Stock, Facebook to Go Public, Facebook Sets Stock Price Range, Stocks, Technology Companies, Social Media, Internet

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Facebook IPO could raise $11.8 billion.  / AP photo
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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 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Barrington Broadcasting is a member of the AP Network.

 

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