Facebook seeks $85 billion to $95 billion valuation for IPO [updated]

. Facebook will set its share price range between the high-$20s and mid-$30s when it makes its initial public offering later this month, The Wall Street Journal reported on Thursday. According to the paper's unnamed sources, the company is seeking a valuation of between $85 billion and $95 billion. Facebook is expected to make its offering on May 18th following a series of meetings with investors, and it could raise as much as $10 billion according to earlier reports.

Boy Genius Report, Facebook seeks $85 billion to $95 billion valuation for IPO [updated]