Facebook may be worth more than $100bn
Facebook has raised the target price range of its shares from $28-$35 per share to $34-$38 per share
Facebook may be able to raise nearly $12 billion with its IPO, making the company worth more than $100 billion.
(Getty Images)
Facebook's initial public offering was set to be one of the largest IPOs in tech history, but it looks like the social network giant may well surpass the $100 billion mark.
According to the US Securities and Exchange commission, Facebook has raised the price target range of its shares from $28-$35 per share to $34-$38 per share. If an average of $36 per share is sought, Facebook could very well raise nearly $12 billion more than previously estimated. This values Facebook at $93 billion to $104 billion, smashing through the $100 billion mark.
In February this year, Facebook made the IPO official. It said it was hoping to sell $5 billion worth of its private shares, valuing the giant at $100 billion.
Facebook is expected to price its shares and begin trading under the ticker "FB" tomorrow, 16 May.
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