Facebook (FB) ups its IPO price range to between $34 and $38 a share in response to heavy demand for the shares. It previous price range was $28 to $35 a share.
Facebook's (FB) revised S-1 - raising the top of its price range to $38 - removes the language saying the Instagram deal will close in Q2, and now says it expects the deal to close sometime in 2012. The company acknowledges the purchase is subject to antitrust review, as tipped several days ago.
Facebook's (FB) revised S-1 - raising the top of its price range to $38 - removes the language saying the Instagram deal will close in Q2, and now says it expects the deal to close sometime in 2012. The company acknowledges the purchase is subject to antitrust review, as tipped several days ago.
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