The social networking phenomenon, expected to debut on Friday, raised its projected price range to between $34 and $38 a share earlier this week. Facebook had initially predicted a range of $28 to $35 a share.
At the new price range, Facebook will have a valuation between $93 billion and $104 billion, significantly above the market caps of tech heavyweights Dell (DELL - Get Report) and HP (HPQ - Get Report).
Facebook also estimates net proceeds of $6.4 billion from its IPO, assuming a price of $36, the midpoint of its projected range.On Wednesday, the Menlo Park, Calif.-based firm revised its S-1 filing yet again, adding 83 million shares to the offering. With the most eagerly-anticipated IPO for years almost here, we want to hear what you expect from Facebook shares on their debut. Will Facebook's stock live up to the hype?
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts