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Facebook hikes IPO range to raise $12.1 bln: source
Facebook Inc has increased the price range in Silicon Valley's biggest-ever initial public offering to raise more than $12 billion, a source familiar with the situation said, giving the No.1 social network a valuation potentially exceeding $100 billion. The company founded in a Harvard dorm room by Mark Zuckerberg, who turned 28 on Monday, raised the price target to $34 to $38 a share in response
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