Story by
Drew Olanoff
Drew Olanoff was The Next Web's West Coast Editor. He coined the phrase "Social Good" and invented the "donation by action" model for onlin Drew Olanoff was The Next Web's West Coast Editor. He coined the phrase "Social Good" and invented the "donation by action" model for online charitable movements. He founded #BlameDrewsCancer. You can follow him on Twitter, Google+, Facebook, or email [email protected]
According to CNBC, Facebook is to refile its S-1 documentation for IPO tomorrow at a range of $34-38 per share, which would put its valuation somewhere between $92B-$103B.
We previously reported that Facebook was eying a valuation between $77B-$96B, but last minute tinkering is causing the bump. The previous share range was $28-$35.
BREAKING NEWS: Facebook revising range to $34-$38; expected to refile with with new range tomorrow – Source (via @KateKellyCNBC)
— CNBC (@CNBC) May 14, 2012
(More) BREAKING NEWS: New range values Facebook from $92B to $103B – Source (via @KateKellyCNBC)
— CNBC (@CNBC) May 14, 2012
We’re not sure whether this will delay the actual IPO day of Friday, which will include Mark Zuckerberg staying back with his team at Facebook HQ in Menlo Park for the festivities.