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Facebook sets $28 to $35 price range for IPO

Facebook sets $28 to $35 per share for IPO, could raise as much as $11.8 billion By The Associated Press

NEW YORK (AP) ' Facebook has set a price range of $28 to $35 for its initial public offering of stock.

At the high end, this could raise as much as $11.8 billion.

That's much higher than any other Internet IPO in the past, even Google Inc. in 2004.

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