engine - 2:19 pm on May 15, 2012 (gmt 0)
Facebook's Anticipated Share Price Raised From $28-$35 to $34-$38 [bbc.co.uk]
Facebook has raised the price at which it hopes to sell its shares from $28-$35 to $34-$38, potentially putting its total value above $100bn (£62.2bn).
The company said strong demand had pushed up the price. Trading in the shares is expected to begin on Friday.
A valuation at this level would make it worth more than the US corporate giants Disney, Ford and Kraft Foods.