travelin_cat - 8:07 pm on May 3, 2012 (gmt 0)

On Thursday, Facebook 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 an debut that could value the company at $86 billion.

[dealbook.nytimes.com...]