Reuters: Technology News: Facebook plans to raise up to $12 billion in mega IPO

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Facebook plans to raise up to $12 billion in mega IPO May 3rd 2012, 21:00 Tweet Share this Email Print Related News Carlyle steady in stock market debut 1:51pm EDT UPDATE 4-Carlyle IPO raises unimpressive $671 million Wed, May 2 2012 Facebook's IPO show to hit the road on May 7: source Wed, May 2 2012 Social gifting: the new buzzword in e-commerce Mon, Apr 30 2012 UPDATE 4-BTG Pactual up in debut, seen vote of confidence Thu, Apr 26 2012 Analysis & Opinion Facebook infected by Google's antitrust limbo Facebook publishes new data on users in amended S-1 filing Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Facebook » An illustration picture shows the log-on screen for the website Facebook, in Munich February 2, 2012. Credit: Reuters/Michael Dalder By Alexei Oreskovic and Alistair Barr SAN FRANCISCO | Thu May 3, 2012 3:55pm EDT SAN FRANCISCO (Reuters) - Facebook Inc plans to raise more than $10 billion this month in Silicon Valley's largest-ever IPO, a source familiar with the IPO told Reuters. The world's largest social network is pricing its initial public offering at a range with a midpoint of $31.50 per share, seeking a valuation of more than $85 billion, a second source said. The mammoth IPO will be priced in the high-$20s to mid-$30s a share, a range expected to be announced later on Thursday when the company releases its latest prospectus, one of the sources said. The Wall Street Journal earlier reported the IPO's pricing range, citing sources as saying that at that range, the world's largest social network would have a valuation of between $85 billion and $95 billion. Facebook, which plans to list its stock on Nasdaq under the ticker "FB", will begin meeting with investors on Monday to promote a massive offering eclipsing Google Inc's 2004 coming-out party. (Reporting by Edwin Chan; Editing by Gerald E. McCormick, Bernadette Baum and Matthew Lewis) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (1) May 03, 2012 3:34pm EDT  --  Report as abuse See All Comments » Add Your Comment

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