The Wall Street Journal‘s�Deal Journal‘s David Benoit today reports that Facebook will likely price its initial public offering toward the top of a quoted range of $34 to $38, citing unnamed sources.
The IPO would be worth $18.4 billion, writes Benoit, having sold out its entire “over-allotment,” and Facebook will have a market value at the offer price of $104 billion.
Update: Indeed, it appears that the company has, in fact, priced the deal at $38 this afternoon, per headlines from CNBC just now.
Update 2: Nasdaq has stated trading will begin tomorrow at 11 am, Eastern time:
IPO Notice: The initial public offering of Facebook, Inc. (FB) will be released on NASDAQ tomorrow for quotation at 10:45 ET and trading at approximately 11:00 [...] Reminder: Trading prohibited during quote-only period of IPOs.
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