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Facebook IPO price range could be between $34 and $38 per share

Investors are being told that the IPO price range for Facebook could sit between $34-$38 per share

| Business, Financial & Legal News | Posted: May 16, 2012 8:50 am

AllThingsD is reporting that with sources close to the situation, investors are being told that the IPO price range for Facebook is between $34 and $38 per share. This results in the highest valuation being over $100 billion, fully diluted.

 

TweakTown image news/2/4/24122_12_facebook_ipo_price_range_could_be_between_34_and_38_per_share.jpg

 

Last month, the predictions per share were at around $31, in filings related to its pending acquisition of photo-sharing start-up, Instagram. Recent ranges have put the social networking site at between $28 and $34.

 

Other reports have put the price between $35 and $40, so $34-$38 per share doesn't seem out of the question. The higher price is an indication that some of the reports from last week saying there was weak investor interest... but they were obviously wrong. The official pricing for the IPO for Facebook will arrive on Thursday, with a public offering on Friday under the "FB" ticker symbol on the Nasdaq market.

NEWS SOURCE
Allthingsd.com

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