Facebook Seeks $75 Billion to $95 Billion Valuation for IPO
The Wall Street Journalreports that Facebook is seeking an IPO price range for $25 to $35 a share. This would give Facebook a valuation of $85 billion to $95 billion.
Bloombergreports that the IPO will make Facebook's young founder, Mark Zuckerberg, 27, one of the world's richest people. He will still own 57% of the voting rights in Facebook, after the IPO, which is very unusual.
It will make Facebook the highest tech IPO ever. The biggest mystery about Facebook is not the strength of the IPO, but where it will be six months to a year after the IPO. Take a look: