NEW YORK — 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.
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Facebook's initial public offering will be by far the largest Internet IPO ever, dwarfing even Google Inc.'s in 2004. AP
That’s much higher than any other Internet IPO in the past, even Google Inc. in 2004.
The range came in a regulatory filing today.
The Wall Street Journal reported earlier Thursday that the price range would value Facebook Inc. at $85 billion to $95 billion.
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