week in review We now know what investors will spend -- at least for a few seconds -- to get a piece of what is likely the most anticipated tech IPO ever.
Facebook is seeking to raise as much as $13.6 billion in its IPO, according to a filing with the U.S. Securities and Exchange commission, which would value the company at roughly $88 billion. The company is aiming to price its shares between $28 and $35.
This paves for the way for Facebook and its bankers to begin the road show on Monday, with shares to start trading on May 17 or 18. While this valuation is lower than the $100 billion that has often been cited, the price will likely change depending on the success of the road show. The slightly lower valuation, however, could be due to Facebook's less-than-rosy financial results for its first quarter, which it reported last week.
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