New York/San Francisco (Reuters)-the Facebook companies increased price range, in silicon valley's biggest ever initial public offerings raise over $1.2 billion, give a person the first social network valuations might exceed $100 billion.
1 harvard dorm room by the company was founded, mark zack's proposed target price range from $28 to $35 to $34 and 38 dollars a share because of strong demand and, the company says, in 1 to declare the United States securities and exchange commission (Tuesday).
This will cherish the on Facebook about $9.3 billion to $10.4 billion, as the Internet giant market value as Amazon. Com company and more than HP and dell combined.
At the midpoint of the $36, Facebook will raise $12.1 billion, more than Google company in 2004's first appearance.
Wall Street expected, the company increased price range, investors eager to get a strong consumption brand of the equation. Ipo roadshow began last week, has caused investors from coast to coast of the population.
Facebook plans to close its ipo book, two days ahead of Tuesday, in a signal, a landmark preliminary a sale of the drums with strong demand, familiar with the deal said on Monday the source told Reuters.
Social network predetermined prices the share price on Thursday began trading on Friday.
IPO has "oversubscribed," that's why the company is closing the book earlier than expected, this person said.
The next step is???????
Facebook plans to sell 3.374 million shares, or 12.3% of the company. The goal of raising funds was far more than other big Internet market. Google proposed in 2004, slightly less than 2 billion dollars, and last year the company appointed Groupon $7 million investors and Zynga company's $1 billion of tilt.
The higher price range, marked the low-end increased by 21%.
The IPO comes as Facebook has not come up with a way to make money from a visit on social networks of mobile devices, such as smart phones more and more users, some investors attention.
Company executives met with potential investors in Chicago on Monday will travel to Kansas city and Denver, California door los parker, Facebook's headquarters in return before.
A host of Facebook Wall Street Banks accept insurance products, and Morgan Stanley, jpmorgan chase and Goldman sachs service for the leading. FB symbols, Facebook will be in the nasdaq transactions.




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