Investors Told Facebook IPO Will Be in $34 to $38 Price Range
According to several sources close to the situation, investors are being told that the IPO price range for Facebook will be from $34 to $38 a share.
That means the highest valuation will be just over $100 billion, fully diluted.
That is up from a much lower price of close to $31 a share last month, in filings related to its pending acquisition of photo-sharing start-up Instagram. Recent ranges have been pegged between $28 and $34.
Earlier today, reports surfaced about the possible rise in price, but it was slightly higher from $35 to $40.
The higher price is an indication that some reports last week saying there was weak investor interest were, well, wrong.
The official pricing for the blockbuster offering of the social networking site will take place Thursday, sources confirmed, with a public offering on Friday under the “FB” ticker symbol on the Nasdaq market.