According to BBC reports, Facebook has set the share price for its upcoming initial public offering (IPO) at between $28 and $35 per share, valuing the company at between $85bn-$95bn (£52bn-£59bn). The IPO is set to be the largest ever for an internet firm, bigger than Google's valuation of $23bn in 2004.
Facebook is set to list on the Nasdaq and would rival Amazon's and Cisco System's current market values.
It is thought that Facebook will start promoting the share offering on Monday. Its shares are expected to start trading under the symbol "FB" on May 18. There is expected to be a huge take-up, though some investors have voiced concerns about the company's longer-term growth. The eight-year-old social network has 900 million users worldwide and made a profit of $1bn last year.
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