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Facebook Sets I.P.O. Price Range



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Facebook on Thursday set the estimated price for its initial public offering at $28 to $35 a share, according to a revised prospectus. At the midpoint of the range, the social networking company is on track to raise $10.6 billion, in a debut that could value the company at $86 billion.

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http://dealbook.nytimes.com/2012/05/03/facebook-to-set-target-after-market-close/?emc=na

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