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.
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.