Facebook will raise the price of shares for its initial public offering, possibly vaulting the world's most popular social network to the first $100 billion valuation of a U.S. company at the time of its public debut. Facebook updated its filing with the Securities and Exchange Commission on Tuesday morning, raising the maximum price of its IPO shares to $38, confirming a move the Mercury News reported Monday evening. At that price, Facebook would be valued at more than $104 billion and bring in $12.8 billion. The largest U.S. IPO valuation on record is shipping company UPS at $60 billion, according to Dealogic records.
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