Facebook Sets IPO Price at $28 – $35 Per Share
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 (pdf) Thursday.
The Wall Street Journal reported earlier Thursday that the price range would value Facebook Inc. at $85 billion to $95 billion.