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