Published May 03, 2012, 04:04 PM
Facebook sets IPO price range at $28 to $35
Facebook has set a price range of $28 to $35 for its initial public offering of stock. At the high end, this could raise as much as $11.8 billion. If the underwriters sell the extra stock reserved for overallotments, the IPO will value Facebook at $79.3 billion at the high end of the price range.By: Barbara Ortutay, AP Technology Writer
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