Screens outside the Grauman's Chinese Theatre on Hollywood Blvd. advertise for people to "Become a Fan" of the Theatre on Facebook at the Los Angeles premiere of the film "What to Expect When You're Expecting," Monday, May 14, 2012, in Los Angeles. (AP Photo/Danny Moloshok)
(AP) NEW YORK - Facebook is raising the price at which it plans to sell stock to the public.
The social networking company says in a regulatory filing Tuesday it expects to sell its stock for between $34 and $38 per share. That's higher than a previous range of $28 to $35.
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The initial public offering is the most hotly anticipated in years and would value Facebook at more than $100 billion. The offering is expected to happen Friday.
Facebook has more than 900 million users who log in at least once a month.
