39°F
Sponsored by

Facebook raises IPO price as offering nears

NEW YORK (AP) - Facebook is raising the price at which it plans to sell stock to the public.
NEW YORK (AP) - Facebook is raising the price at which it plans to sell stock to the public.

The social networking company said in a regulatory filing Tuesday that it expects to sell its stock for between $34 and $38 per share. That's higher than a previous range of $28 to $35.

The increased range is a sign of high demand from investors to own a piece of the world's most popular social network. The initial public offering is the most hotly anticipated in years and would value Facebook at more than $100 billion. The offering is expected to happen Friday.

Facebook has more than 900 million users who log in at least once a month.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Page: [[$index + 1]]
comments powered by Disqus
local-businesses.png
cars.png dixie-local.jpg
Comic Con


TV Schedule Sponsored By:

Top Stories

Popular Stories on Facebook