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BIG MONEY Facebook Sets IPO at $86B Marcio Jose Sanchez / AP Photo

Facebook Sets IPO at $86B

It is now officially OK for Mark Zuckerberg to bathe in $100 bills. The Facebook CEO can’t help but be washing himself in cash as his company moves closer to an initial public offering, reportedly set for May 18. The social networking company revealed Thursday that it would value itself at $86 billion when it goes public, aiming for shares of stocks to be worth $28 to $35 each. The IPO would tower over Google’s 2004 offering of $23 billion. Initially thought to be aiming for around $100 billion, Facebook will list on the NASDAQ stock exchange, and Monday is said to begin a series of meetings with investors to drive up interest.

May 3, 2012 4:27 PM