Facebook Boosts IPO Price Range to $34-$38 a Share

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May 15 (Bloomberg) -- Bloomberg's Scarlet Fu reports that Facebook Inc. raised the price range for its initial public offering to $34 to $38 a share from the previous range of $28 to $35. The company can raise as much as $12.8 billion and seek a valuation as high as $104.2 billion, based on the upper end of the range. She speaks on Bloomberg Television's "Inside Track." (Source: Bloomberg)

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