NEW YORK (TheStreet) -- Facebook may be sharing some pricing details soon.
According to The Wall Street Journal, Facebook is expected to set the price range of its initial public offering between "high-$20s to mid-$30s per share." The company is seeking a valuation between $85 billion and $95 billion, the Journal said, citing unnamed sources.
A new S-1 filing is expected after the close of trading today.
Some have begun to question whether the Facebook IPO will be a good investment in the aftermarket, given the valuation the company is seeking and the hype around the offering.In recent weeks, the company has been on a spending spree, snapping up Instagram and purchasing $550 million worth of patents from Microsoft (MSFT). Interested in more on Microsoft? See TheStreet Ratings' report card for this stock. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices. --Written by Chris Ciaccia in New York >To follow the writer on Twitter, go to http://twitter.com/commodity_bull. >To submit a news tip, send an email to: email@example.com
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