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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

Anthony Garreffa | May 16, 2012 at 3:50 am CDT (0 mins, 42 secs time to read)

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.

Facebook IPO price range could be between $34 and $38 per share | TweakTown.com

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.

Last updated: Apr 7, 2020 at 11:26 am CDT

NEWS SOURCE:allthingsd.com
Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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