Facebook has raised the price range of its stock shares just daysbefore the company's highly anticipated initial public offering . The social networking pioneer Tuesday filed with the U.S.Securities and Exchange Commission an amendment to its IPO registration that increases the estimated stock price to between $34 and $38per share. Facebook had initially planned to sell the stock for between $29 to$34 per share. "Clearly, the Facebook IPO has generated a lot of excitement," saidEzra Gottheil, an analyst at Technology Business Research. "Itreflects the market for the stock. AC DC Switch Mode Power Supply
The amendment was filed following an IPO road show where topFacebook executives like CEO and co-founder Mark Zuckerberg and COOSheryl Sandberg pitched the company's stock to potential investorsin several cities. . The increased share price indicates that Facebook has overcome somewell publicized criticisms of its road show and strategy. Zuckerberg, for instance, was panned for showing up at an investorpresentation wearing jeans and a so-called "hoodie" sweatshirt. GSM Intelligent Alarm System Manufacturer
The casual attire and attitude prompted some attendees to publicly question hisability to lead a public company -- particularly one that isexpected to have the largest IPO in tech history. Other industry experts have in recent days questioned whether Facebook can generate revenue by developing products for the burgeoning mobile tech market. Asusers increasingly spend more time accessing Facebook from mobiledevices, industry analysts say it's past time for the company tofigure out how to profit from that sector. Despite such questions, though, Facebook IPO expectations continueto grow, prompting the decision to boost the share price. "The roadshow was certainly effective with the general public,mostly through coverage in the general media," said Gottheil. Infrared Emitter Detector Manufacturer
"Ican't really assess what it did with investment professionals. Butthere is widespread interest." Facebook is largely expected to be closing the books on its IPOthis afternoon and then officially price its stock on Thursday. The new price range could boost Facebook's valuation to more than $100 billion. Sharon Gaudin covers the Internet and Web 2.0, emergingtechnologies, and desktop and laptop chips for Computerworld.Follow Sharon on Twitter at @sgaudin , or subscribe to Sharon's RSS feed . Her e-mail address is.
Read more about web 2.0 and web apps in Computerworld's Web 2.0 and Web Apps Topic Center.
The amendment was filed following an IPO road show where topFacebook executives like CEO and co-founder Mark Zuckerberg and COOSheryl Sandberg pitched the company's stock to potential investorsin several cities. . The increased share price indicates that Facebook has overcome somewell publicized criticisms of its road show and strategy. Zuckerberg, for instance, was panned for showing up at an investorpresentation wearing jeans and a so-called "hoodie" sweatshirt. GSM Intelligent Alarm System Manufacturer
The casual attire and attitude prompted some attendees to publicly question hisability to lead a public company -- particularly one that isexpected to have the largest IPO in tech history. Other industry experts have in recent days questioned whether Facebook can generate revenue by developing products for the burgeoning mobile tech market. Asusers increasingly spend more time accessing Facebook from mobiledevices, industry analysts say it's past time for the company tofigure out how to profit from that sector. Despite such questions, though, Facebook IPO expectations continueto grow, prompting the decision to boost the share price. "The roadshow was certainly effective with the general public,mostly through coverage in the general media," said Gottheil. Infrared Emitter Detector Manufacturer
"Ican't really assess what it did with investment professionals. Butthere is widespread interest." Facebook is largely expected to be closing the books on its IPOthis afternoon and then officially price its stock on Thursday. The new price range could boost Facebook's valuation to more than $100 billion. Sharon Gaudin covers the Internet and Web 2.0, emergingtechnologies, and desktop and laptop chips for Computerworld.Follow Sharon on Twitter at @sgaudin , or subscribe to Sharon's RSS feed . Her e-mail address is.
Read more about web 2.0 and web apps in Computerworld's Web 2.0 and Web Apps Topic Center.