Wednesday, May 16, 2012
Facebook increases public offering share price making it worth MORE than $100 BILLION | Mail Online - Facebook has raised the price range on its initial public offering to $34 to $38 a share in response to strong demand, a source familiar with the situation said, giving the No.1 social network a valuation exceeding $100 billion. - The company plans to close the books on its IPO on Tuesday, two days ahead of schedule and in a signal that the landmark initial share sale is drumming up strong demand, a second source familiar with the deal told Reuters earlier. The social network is scheduled on Thursday to price its shares, then begin trading on Friday.
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