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Tuesday, May 15, 2012

Facebook increases IPO price range.

 Facebook (FB) has raised its IPO price range to $34-$38 a share from $28-$35 in response to heavy demand. The new range would give the company a market cap of $93B-$104B, and at the midpoint, the firm would raise $12.1B in its sale of 337.4M shares.

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