The Australian – The social network overnight raised its price range to $US34 to $US38 a share, resulting in a target valuation of up to $US104 billion ($104.28bn), which would make it the most highly valued IPO for a US company. Its previous range was $US28 to $US35, which valued it at a maximum of $US96bn.
The latest numbers have created high hopes for both individual and professional investors. The excitement has drawn in fledgling stock buyers such as 11-year-old Jade Supple of Rockville Centre, New York, whose father plans to bet money that had been saved to put his daughter through college on Facebook shares, although he has doubts about the price.
