Facebook Said to Plan to Raise IPO Range to $34-$38
Facebook Inc. (FB) plans to raise the price range for its initial public offering to $34 to $38 a share, according to a person with knowledge of the matter.
The new range, higher than the previous range of $28 to $35 a share, may be announced in a regulatory filing as soon as tomorrow, said the person, who asked not to be identified because the plans haven’t been made public.
The higher range was previously reported by CNBC.
To contact the reporter on this story: Brian Womack in San Francisco at bwomack1@bloomberg.net
To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net
Facebook Said to Plan to Raise IPO Share Price Range to $34-$38
Jason Alden/Bloomberg
The Facebook Inc. logo is seen on the landing page of the company's Apple Inc. iPad application in this arranged photograph in London, U.K.
The Facebook Inc. logo is seen on the landing page of the company's Apple Inc. iPad application in this arranged photograph in London, U.K. Photographer: Jason Alden/Bloomberg
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