Facebook Is Said to Set IPO Share Range at High $20s to Mid-$30s

Facebook Inc. (FB), the world’s largest social-networking service, plans to sell shares at a range of the high $20s to mid $30s in an initial public offering, according to a person with knowledge of the matter.

The company is gearing up for what would be the largest IPO for an Internet company, and plans to begin marketing the sale to investors as soon as next week, a person with knowledge of the matter said earlier this week.

To contact the reporter on this story: Brian Womack in San Francisco at bwomack1@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net