Reports are that Facebook’s IPO will take place on May 17, assuming the SEC signs off on it. Valuation is expected to be around $100 billion, with Facebook aiming to raise around $10 billion from the stock sale, which would price the company at around $40 a share.
“Investors want as high a price as possible so that the secondary market won’t look like a problem,” said one of the sources.
Source: TechCrunch
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