FORTUNE — The Wall Street Journal is reporting that Facebook (FB) “is close to pricing” its IPO at $38 per share, which is the top of its already-increased $35-$38 offering range. That would mean the company raised $16 billion, or $18.4 billion if the underwriters’ over-allotment was exercised (which everyone assumes it will be).
[UPDATE: Facebook makes it official]
At $18.4 billion, Facebook would be the second-largest IPO in history — just behind Visa’s $19.65 billion offering in March 2008 and just ahead of General Motors raising $18.145 billion in November 2010.
The $38 per share value, including the over-allotment, would give Facebook an initial market cap of nearly $84 billion. Fully-diluted, the figure surpasses $100 billion.
A Facebook spokeswoman declined to comment.
More to come shortly. In the meantime, some related links:
- Helft & Hempel: Inside Facebook
- Ryan Bradley: What I saw in Zuckerberg’s bungalow
- Dan Primack: Stop worrying about Facebook’s insider sales
- Cyrus Sanati: Why I’m not buying Facebook
- Dan Primack: Facebook IPO date has tax implications
- Miguel Helft: The man behind the Facebook IPO
