Facebook Inc. is nearing the last step before its landmark initial public offering by finalizing the price for its shares later Thursday.
The social network earlier this week raised the price range for its IPO to $34 to $38 a share, from $28 to $35 a share, in a sign of investor appetite for the offering. The initial price range put Facebook's valuation at $77 billion to $96 billion, but that rises to $93 billion to $104 billion under the new range as investor interest ramps up.
At a potential offering size of $18.4 billion, Facebook would become the second-largest ...
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