Facebook is raising the price at which it plans to sell stock to the public.
The social networking company said in a regulatory filing on Tuesday that it expects to sell its stock for between $34 and $38 per share. That’s higher than a previous range of $28 to $35.
The increased range is a sign of high demand from investors to own a piece of the world’s most popular social network. The initial public offering is the most hotly anticipated in years and would value Facebook at more than $100 billion. The offering is expected to happen on Friday.
Facebook has more than 900 million users who log in at least once a month.
Keywords: Facebook IPO
Go short on this baby. I expect it to languish at the bottom with Groupon, Zynga,
Linkedin and other useless "technology" companies. You can fool the average user,
but the stock market will expose your nonsense.
facebook will be dead in five years
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