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Facebook will raise stock price, could be first U.S. company worth $100 billion at IPO
Facebook will raise the price of shares for its initial public offering, possibly vaulting the world's most popular social network to the first $100 billion valuation of a U.S. company at the time of its public debut. oakley flak jacket sunglasses reviews
A source told the Mercury News on Monday that Facebook will increase the range of possible prices for the Menlo Park company's initial shares, raising the maximum price to $38. At that price, Facebook would be valued at more than $104 billion and bring in $12.8 billion. The largest U.S. IPO valuation on record is shipping company UPS at $60 billion, according to Dealogic records.
