TECHNOLOGY

Facebook Sets $28 to $35 Price Per Share for IPO

By National Journal Staff

Updated: May 3, 2012 | 4:15 p.m.
May 3, 2012 | 4:02 p.m.

FILE - In this July 6, 2011 file photo, Facebook CEO Mark Zuckerberg smiles during an announcement at Facebook headquarters in Palo Alto, Calif. Facebook set its IPO price Thursday. (AP Photo/Paul Sakuma, File)

Facebook set a price range of $28 to $35 for its initial public offering of stock on Thursday, AP reported. That could raise as much as $11.8 billion -- higher than any other IPO, insluding Google's.

 

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