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Friday, May 4, 2012

Breaking news -- Facebook sets price

Facebook Sets I.P.O. Price Range

Facebook has set the estimated price for its initial public offering at $28 to $35 a share, according to a revised prospectus. At the midpoint of the range, the social networking company is on track to raise $10.6 billion, in a debut that could value the company at $86 billion.

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