Facebook pushes record-breaking IPO

Facebook, the company that turned the social Web into acultural and business phenomenon, is worth as much as $95bn, accordingto the price range for its upcoming initial public offering of stock.

Facebook's IPO, expected in a couple of weeks, would be the biggest so far for an internet company. Facebook disclosed the price range of $28 to $35 pershare in a regulatory filing on Thursday.

At the high end, Facebook and its current shareholders could raise as muchas $13.58bn, far more than the $1.9bn raised in the 2004offering for current Internet IPO record-holder Google Inc.

The IPO valuedGoogle, now worth about $200bn, at $23bn.

Facebook Inc's IPO has been highly anticipated, not just because of howmuch money it will raise but because Facebook itself is so popular.

Theworld's largest online social network has more than 900 million users.

CEO Mark Zuckerberg, who turns 28 this month, has emerged as a wunderkindleader who has guided Facebook through unprecedented growth from its scrappystart as an online hangout for Harvard students.

Road show

Facebook's offering values the company at $76bn to $95bn,based on the expected number of Facebook shares following the IPO.

Facebook's next step is an "IPO road show," where executives talk topotential investors about why they should invest in the stock.

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Facebook pushes record-breaking IPO

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