Facebook Inc. (FB:US) plans to raise the price range for its initial public offering to $34 to $38 a share, according to a person with knowledge of the matter.
The new range, higher than the previous range of $28 to $35 a share, may be announced in a regulatory filing as soon as tomorrow, said the person, who asked not to be identified because the plans haven’t been made public.
The higher range was previously reported by CNBC.
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