Thursday, May 3, 2012 at 3:19 PM
The social network is expected to value itself between $85 billion and $100 billion.
The news on Facebook is ramping up as its initial public offering approaches. Today, there's news that Facebook will make its pricing official as markets close today.
Quoting a "person with knowledge of the matter," The New York Times says it "should be in the high $20s to mid $30s range," raising about $10 billion when it offers about 10 percent of its stock.
That would mean that Facebook believes it is worth $100 billion. That's in line with what Reuters is reporting.
Quoting "people familiar with the matter," The Wall Street Journal is reporting that Facebook plans to value itself at "$85 billion to $95 billion."
Yesterday, news broke that Facebook would go public on May 18. [Copyright 2012 National Public Radio]
This article is filed in: News, Technology, Business
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