The Facebook IPO Just Got More Expensive

vampire squid zuckerberg

Photo: Dylan Love

You could see this one coming from a mile away.Facebook’s bankers are increasing the IPO price range to $34 to $38*.

When the initial IPO price range was announced it sounded low. Likely bankers were sandbagging it so they could later raise the price and claim extraordinary demand.

*This post originally said $35-$40, based on a bad CNN report.

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