May 17 2012, 2:07pm CDT | by Luigi Lugmayr
According to a person familiar with the matter, Facebook is setting the price of its IPO shares to $38. This is the high end of the upped range of $34 to $38. This value is not official yet, but actually it is save to assume that Facebook is pricing the shares at the high-end. At the $38 a share price, Facebook would have a value of $104 billion. This would make Facebook the most valuable US company at IPO. Mark Zuckerberg's company will raise $18.4 billion in the offering.
More details on the Wall Street Journal.
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 firstname.lastname@example.org.
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