Facebook IPO Priced at $28 to $35, a Valuation of Around $100 billion

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Facebook set a proposed price range of $28 to $35 per share for its highly anticipated initial public offering. In an amendment to its IPO filing with the Securities and Exchange Commission, the social media giant said it will sell 337.4 million shares. Read the full story at Fox Business.

Author:

Shelly Palmer

Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).