Facebook is looking for an $85 to $95 billion IPO, according to reports.
Facebook is seeking a valuation of $85 billion to $95 billion when it goes public later this month, according to a new SEC filing.
The Wall Street Journal first reported that Facebook plans to set the per-share price in the high $20s to mid $30s.
The paper cited unnamed people familiar with the matter, but the WSJ report was quickly confirmed when Facebook amended an S-1, or IPO filing, Thursday. You can download the amendment here.
The $85 billion is a narrower range than expected.
The Facebook IPO offering will be by far the largest Internet IPO ever, according to experts.
Facebook has said in the past that it plans to have its shares traded on the Nasdaq -- not the New York Stock Exchange -- and under the symbol "FB."
According to an earlier S-1 filing, Facebook plans to offer 337.4 million shares to the public.
The IPO has not officially been announced, but it is believed to be May 18. That is two weeks from tomorrow.