UPDATE: Facebook (FB) sets IPO at 337.4M shares and sees IPO price $28 - $35/share

May 3, 2012 3:30 PM EDT
(Updated - May 3, 2012 3:34 PM EDT)

Facebook (Nasdaq: FB) sets IPO at 337.4 million shares and sees IPO price $28 - $35 per share.

Facebook sees 2,138,085,037 total Class A and Class B common stock to be outstanding after our initial public offering, suggesting a valuation of ~$75 billion if the IPO is priced at $35.


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