Facebook sets $28 to $35 price range for IPO

Posted: 05.03.2012 at 3:19 PM

Facebook IPO could raise $11.8 billion. / AP photo

NEW YORK (AP) — Facebook has set a price range of $28 to $35 for its initial public offering of stock.

At the high end, this could raise as much as $11.8 billion.

That's much higher than any other Internet IPO in the past, even Google Inc. in 2004.

The range came in a regulatory filing Thursday.

The Wall Street Journal reported earlier Thursday that the price range would value Facebook Inc. at $85 billion to $95 billion.

Barrington Broadcasting is a member of the AP Network.

Comments are the sole responsibility of the person posting them; they are not reflective of the views or opinions of Barrington Broadcasting, KRCG, its directors or employees. If you believe a comment violates the Barrington Terms of Use, please flag it above.

Popular Stories

Severe storms leave damage across Missouri
Jessica Troike | Yesterday at 10:45 PM | 6 comments

Mother of murder victim speaks out
Mark Slavit | Yesterday at 6:02 PM

'Witness issue' leads to dropped murder charge
1 hour, 30 minutes ago

Follow Connect Mid-Missouri

Get news and weather notifications on your phone by downloading the iPhone or Android app below

submit

Special Features

Relay For Life of Cole County

Friday, June 7, at 6 p.m. at the Jefferson City Jaycees Fairgrounds

Community Connection

Participate in great causes in the community!

Find it, click it, use it... your neighborhood business guide.

Latest Headlines

Main StreetWall Street

The latest local news, weather and high school sports in and around Columbia and Jefferson City