* The price range has been increased from $28-$35 per share to $34-$38 per share. Still a fairly wide range for this late in the game, and a bit lower than the $35-$40 per share we had been hearing.

*  This means the company’s initial market cap would be approximately $81.25 billion, were it to price at the top of its range ($38 per share). When outstanding share count is calculated, the market cap would be $107 billion.

* At the top of its range, Facebook would raise around $12.82 billion through the IPO.

* Even at $38 per share, Facebook stock would be valued lower than where it occasionally traded on the private secondary markets. Earlier this year, for example, it hit $40.

* Facebook originally had said that it expected its purchase of Instagram to close in Q2, but now just says it expects the deal to close sometime in 2012, pending regulatory approvals. There have been reports that the FTC is taking a close look at the deal, to determine if it violates anti-competitive rules. Were the deal to fail, Facebook would owe Instagram a $200 million termination fee.

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