May 14, 2012 at 20:32 PM EDT
Facebook Ups IPO to $34 to $38 Range, Says WSJ
The Wall Street Journal’s Shayndi Raice this afternoon reports Facebook has raised the price of its initial public offering, expected Friday, to a range of $34 to $38 from a prior range of $28 to $34, citing an unnamed source. Recent trading in private exchanges has priced the stock at $44.
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