Facebook is revising the price range for its initial public offering to $34-$38, according to people familiar with matter – a significant increase versus the prior range of $28-$35. The social networking giant is expected to disclose the new range in an updated IPO filing with the Securities and Exchange Commission that could come as early as Tuesday morning, according to one of these people. At $38, the company would…

Facebook today once again updated its filing for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). This is the fifth time it has done so, and the biggest update is that Facebook has set a price range of $28 to $35. Given the sale of some 337.4 million shares, 180 million of Class A common stock, this means the company could raise between $5.04 billion…

Facebook is busy shopping ahead of its much-anticipated IPO. With its latest purchase — San Francisco-based, mobile marketing firm Tagtile —Facebook is clearly aiming to expand its mobile-savvy talent pool.The company provides mobile apps that allows businesses to market to customers based on their purchasing activity, including the frequency of customer visits at a store.The amount that Facebook paid for Tagtile is not yet known. But the deal comes on…

Most of Facebook’s revenue today comes from advertising, but the company is sitting on another huge opportunity: selling virtual and real-world goods through its payment platform. Today, Facebook submitted a third update to its IPO filing. Most of the new info related to legal matters, like the Yahoo patent suit. But there was one interesting business tidbit in there: Payments and other fees revenue increased to $557 million in 2011…

The Facebook IPO has been a hotly discussed topic in financial circles around the world for the past couple of weeks.Each and every section of the S-1 filing of the IPO has been discussed and analysed threadbare by the who’s who of the business world. However, Facebook has not revealed any plans so far about how it is going to spend the massive IPO proceeds. “The principal purpose of the…