Facebook seeks $85 billion to $95 billion valuation for IPO [updated]

<center><a href="http://www.bgr.com/2012/05/03/facebook-ipo-valuation/"><img class="size-full wp-image-126220 aligncenter" title="Facebook" src="http://www-bgr-com.vimg.net/wp-content/uploads/2012/02/facebook-sign-7.jpeg" alt="Facebook IPO valuation revealed" width="652" height="489" /></a></center>

Facebook will set its share price range between the high-$20s and mid-$30s when it makes its initial public offering later this month, <em>The Wall Street Journal</em> reported on Thursday. According to the paper’s unnamed sources, the company is seeking a valuation of between $85 billion and $95 billion. <a href="http://www.bgr.com/2012/05/02/facebook-ipo-date/">Facebook is expected to make its offering on May 18th</a> following a series of meetings with investors, and it could raise as much as $10 billion according to earlier reports. Facebook’s IPO is expected to be the largest such offering in history by an Internet company, besting Google’s $1.9 billion 2004 offering by a wide margin.

UPDATE: Facebook will offer 337.4 million shares priced between $28 and $35 per share, <a href="https://twitter.com/#!/Street_Insider/status/198132529876836353"><em>StreetInsider.com</em> reports</a>.<span id="more-138227"></span>

<a href="https://twitter.com/#!/wsj/status/198116941725057024">Read</a>

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Via BRG - Boy Genius Report