Menlo Park, Calif. -- Preparing for one of the most highly anticipated initial public offerings (IPOs) in history, Menlo Park-based Facebook on Monday raised the price range of its shares. According to documents filed with the Securities and Exchange Commission (SEC), the social networking giant new plans to price each share between $34-$38 -- up from earlier estimates of $28-$35. The new figures mean that Facebook would be valued at $93 billion-$104 billion, up from $77 billion-$96 billion. The IPO is expected to price by the end of this week.
http://www.facebook.com
http://www.sec.gov/Archives/edgar/data/1326801/000119312512232582/d287954ds1a.htm
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