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. If the underwriters sell the extra stock reserved for overallotments, the IPO will value Facebook at $79.3 billion at the high end of the price range.
That’s much higher than any other Internet IPO in the past, even Google Inc. in 2004.
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other than the 110 year old piece of paper with crayon marks selling for 120mil today. seems a little pricey.