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SAN FRANCISCO (Reuters) - Facebook Inc aims to raise about $10.6 billion in Silicon Valley's largest IPO, dwarfing the coming-out parties of tech companies like Google Inc and granting the world's largest social network a market value close to Amazon.com's. The eight-year-old social network that began as Mark Zuckerberg's Harvard dorm room project indicated an initial public offering price range of between $28 and $35 a share on Thursday, which would value the company at $77 billion to $96 billion. ...

(Reuters) - Shares of LinkedIn Corp rose 10 percent on Friday, after the professional networking company raised its full-year outlook helped by strong demand for its services that help corporations find and hire employees. The strong results underline the success of social and professional networking sites, as investors watch closely to see if the model is sustainable before Facebook goes public in one of the most eagerly awaited initial public offerings ever. ...

Facebook is hoping to raise as much as $11.8 billion in an initial public offering of stock. It would be the largest IPO ever for an Internet company. Here are the top 10 so far, according to Renaissance Capital, an IPO investment adviser:

Facebook will set its share price range between the high-$20s and mid-$30s when it makes its initial public offering later this month, The Wall Street Journal reported on Thursday. According to the paper’s unnamed sources, the company is seeking a valuation of between $85 billion and $95 billion. Facebook is expected to make its offering on May 18th following a series of meetings with investors, and it could raise as much as $10 billion according to earlier reports. Facebook’s IPO is expected to be the largest such offering in history by an Internet company, besting Google’s $1.9 billion 2004 offering by a wide margin. UPDATE: Facebook will offer 337.4 million shares priced between $28 and $35 per share, StreetInsider.com reports. According to CNBC, Facebook

Facebook will set its share price range between the high-$20s and mid-$30s when it makes its initial public offering later this month, The Wall Street Journal reported on Thursday. According to the paper’s unnamed sources, the company is seeking a valuation of between $85 billion and $95 billion. Facebook is expected to make its offering on May 18th following a series of meetings with investors, and it could raise as much as $10 billion according to earlier reports. Facebook’s IPO is expected to be the largest such offering in history by an Internet company, besting Google’s $1.9 billion 2004 offering by a wide margin. Read

Facebook has become an official observer at the Global Network Initiative, a non-government organization dedicated to promoting Internet freedom and privacy rights.