According to a report at The Drum, social netwoking behemoth Facebook has raised its flotation price to $34-$38 a share for when it begins trading on the NASDAQ stock exchange on Friday which values the social network at $104.2 billion - the most expensive US company to go public.





In a regulatory filing, the company founded by Mark Zuckerberg, who celebrated his 28th birthday on Monday, said it was planning to raise $12.8bn (£7.99bn) by selling 12.3% of the company, implying the entire company is worth $104.2bn.