Facebook Close to $38 IPO Price

Facebook Inc. is close to pricing its initial public offering at $38 a share, said a person familiar with the matter, a move that would value the Internet company at more than $100 billion.

Facebook executives and senior bankers on the deal were holed up in a meeting discussing the price and a decision still hasn’t been made final, cautioned the person, noting that the final price could still come in a dollar higher. The company tried floating higher numbers to investors but was rebuffed, said another person familiar with the matter.

Read the rest of this post on the original site »

Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »