Facebook IPO May Value Company at $77 to $96 Billion

Social media website, Facebook, announced that it is raising as much as $13.6 billion in stock, which would make this the biggest Internet IPO since Google's in 2004, with an offering price of between $28 and $35 a share. The company filed with the Securities and Exchange Commission on Thursday afternoon, stating it will sell 337 million shares. The share price range could value the company from $77 billion to $96 billion, the Wall Street Journal reported. In the build-up of events leading to...Full Story
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