The social networking giant is expected to offer stock in the "high-$20s to mid-$30s per share" range, according to a Wall Street Journal report.
NEW YORK (TheStreet) -- Facebook may be sharing some pricing details soon.
According to The Wall Street Journal, Facebook is expected to set the price range of its initial public offering between "high-$20s to mid-$30s per share." The company is seeking a valuation between $85 billion and $95 billion, the Journal said, citing unnamed sources.
A new S-1 filing is expected after the close of trading today.
Some have begun to question whether the Facebook IPO will be a good investment in the aftermarket, given the valuation the company is seeking and the hype around the offering.
In recent weeks, the company has been on a spending spree, snapping up Instagram and purchasing $550 million worth of patents from Microsoft(:MSFT).
Interested in more on Microsoft? See TheStreet Ratings' report card for this stock.
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--Written by Chris Ciaccia in New York
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