MENLO PARK, Calif. ( TheStreet) -- Facebook ( FB), which is on deck for the biggest-ever tech IPO, is clearly enjoying massive demand for its offering from investors. 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) and HP ( HPQ). 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?
-- Written by James Rogers in New York. >To follow the writer on Twitter, go to http://twitter.com/jamesjrogers. >To submit a news tip, send an email to: email@example.com. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.