Facebook may be worth more than $100bn

Facebook may be worth more than $100 billion after its IPO tomorrow
Facebook could raise nearly $12 billion from its IPO tomorrow.
Facebook could raise nearly $12 billion from its IPO tomorrow.

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Facebook’s initial public offering was set to be one of the largest IPO’s in tech history, but it looks like the social network giant may well surpass the $100 billion mark.

According to the US Securities and Exchange commission, Facebook has raised the price target range of its shares from $28-$35 per share to $34-$38 per share. If an average of $36 per share is sought, Facebook could very well raise nearly $12 billion more than previously estimated. This values Facebook at $93 billion to $104 billion, smashing through the $100 billion mark.

In February this year, Facebook made the IPO official. It said it was hoping to sell $5 billion worth of its private shares, valuing the giant at $100 billion.

Facebook is expected to price its shares and begin trading under the ticker “FB” tomorrow, 16 May.
 

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