Livewire

Report: Facebook IPO Could Hit $104 Billion

05.15.12 | 2:52 am

Facebook on Monday raised the price for its initial public offering to $34 to $38 a share, the Wall Street Journal reports. That’s up from $28 to $35 a share, and raises the company’s valuation to $104 billion. Facebook shares are expected to start trading later this week.

Send Tips

David Taintor is a New York-based senior editor who oversees breaking news coverage. He previously worked at NBC News.

Report: Facebook IPO Could Hit $104 Billion

Start the discussion at forums.talkingpointsmemo.com