POSTED: Tuesday, May 15, 2012 - 4:27pm
UPDATED: Tuesday, May 15, 2012 - 8:11pm
Facebook is raising its stock price.
It expects its shares to range between $34 - $38.
Executives from the social media site have spent the past two weeks meeting with potential investors.
If the company's stock is valued at the high end of the price range, Facebook would be worth more than $81 billion.