Facebook to change IPO price again, now within $34 and $38

Facebook to change IPO price again, now within $34 and $38

Image: Tom Solari/techgeek.com.au

Facebook is reported to have changed its IPO price – again – before it is set to go public, rumoured to be on Thursday (Friday our time). Multiple sources, including CNBC and AllThingsD are noting that Facebook’s IPO price will be within $34 and $38. The new price will value Facebook between $92 billion and $103 billion.

As CNBC tweets:

[blackbirdpie url=”https://twitter.com/#!/CNBC/statuses/202182417249861633″]

[blackbirdpie url=”https://twitter.com/#!/CNBC/statuses/202182573785497600″]

Currently, Facebook plans to sell its shares between $28 and $35 – which valued Facebook around $80 billion. As well, reports are claiming that Facebook’s IPO is “well oversubscribed” – granted, it is the biggest social networking platform in the world.

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