Facebook’s Valuation for IPO is Lower Than Expected
By Cameron Scott
Facebook’s value after its initial public offering will be less than had been widely rumored, according to a company filing submitted after the markets closed on Thursday.
Facebook is aiming to initially price shares between US$28.00 and $35.00, according to the filing. The pricing suggests an overall value of the company ranging between $60 billion and $75 billion, rather than the $100 billion that had been rumored.
Even with the lower valuation, Facebook is on track to file the largest Internet initial public offering ever. The company is expected to file the IPO this month.