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Facebook Raised IPO Share Price: WSJ Source

The Wall Street Journal cites a source saying that Facebook raised the IPO share price range from $28 to $35 a share to $34 -$38 a share. I totally expected this to happen.

May 15 2012, 2:23am CDT | by

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Facebook Raised IPO Share Price: WSJ Source
 
 

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Facebook Raised IPO Share Price: WSJ Source

If this rumor is true than the Facebook IPO is possibly going beyond the $100 billion mark. Yesterday we reported that Facebook is said to close the IPO share sale today after the market closes. 

The Wall Street Journal article containing the rumor has some interesting profiles of private investors and their thoughts on investing in Facebook. Good read.

 

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Update: 2

Official: Facebook raises IPO share price and sells additional Shares

Facebook has issued another amendment to their S-1 confirming the new IPO price range of $34 and $38. Facebook also offers up to an additional 50,612,302 shares. Via Facebook S-1.

 
May 15 2012, 6:45am CDT

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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