Tuesday, May 15, 2012

Facebook Ups IPO Pricing Range

As the frenzy towards the IPO of Facebook builds, the social networking site said in a filing that it has raised its initial public offering price to between $34.00 and $38.00 per share. The pricing range is up significantly from its initial estimates of $28.00 to $35.00 per share, which it set on May 3rd. Facebook is widely expected to hit the markets this week, on the heels of Facebook founder Mark Zuckerberg's birthday.