Facebook to set final IPO price Thursday

By Gerry Sullivan: The Facebook (FB) initial public offering has been filed and, according to the prospectus, the company plans to sell 337.4 million shares in a range between $28 and $35. At the $31.50 midpoint, the offering will be $10.6 billion. The Morgan Stanley-managed offering is expected to be priced Thursday, May 17, and begin trading Friday, May 18.

The MSM is echoing BoomBustBlog analysis today, as per Bloomberg: Facebook First-Quarter Profit Drops; Costs Almost Double

By Chris Katje: Zoetis (ZTS), the animal health unit from Pfizer (PFE), has officially been priced for its initial price offering. On Thursday night, Pfizer sold 86.1 million shares at $26 for a total offering of $2.24 billion. The valuation from the IPO gives Zoetis a market valuation of $13 billion. Shares priced above their initial range of $22-$25.

NEW YORK (Reuters) - Carlyle Group LP plans to price its IPO between $22 and $23 per unit, lower than its initial $23-$25 range, a source familiar with the matter said on Wednesday, as the private equity firm courts stock market investors. The book has closed and orders have been received within the new price range for more than the 30.5 million shares on offer, the source said. Pricing of the initial public offering is expected after the market close on Wednesday, with trading starting on Thursday on Nasdaq, under the ticker symbol "CG" . A Carlyle spokesman declined to comment. ...

Angie's List shares jump 25% from the IPO price of $13. Its public offering raises $114 million. Yelp predicts that its own IPO could raise as much as $100 million.Consumer review site Angie's List Inc. had a strong first day on Wall Street, but it will soon have more company as rival Yelp Inc.

Investors could profit when General Motors starts selling shares to the public Thursday. But U.S. taxpayers, who are the majority shareholders in the automaker, may have a tough time breaking even. Demand for GM's initial public offering had been so great that Tuesday GM raised its IPO target price to between $32 to $33 a share, from the initial estimate of $26 to $29.