According to two late-Monday reports, from the Wall Street Journal (WSJ) and Reuters respectively, Facebook will most likely raise the target price range of its shares for its forthcoming initial public offering (IPO).

While Facebook has set its stock's target price range as between $28 and $35 per share earlier this month, the strong demand from investors for the company's shares has apparently prompted the popular social network to increase the price range to between $34 and $38 per share.

The WSJ and Reuters reports about a possible raise of Facebook's target price range for its stock underscore that the move will probably make Facebook the first US firm boasting a $100 billion valuation at the time of its IPO.

Speaking in more specific terms, at a maximum price of $38 per share, Facebook would be valued at over $104 billion, with its IPO bringing in nearly $12.8 billion. As such, going by Dealogic records, the estimated Facebook valuation at the time of its public debut will be surpass the largest U. S. IPO valuation on record --- that of $60 billion of shipping company UPS.

In terms of yet another IPO-related achievement for the social network, Facebook will notch up the fifth all-time position so far as the total amount raised in a U. S. IPO is concerned. According to Renaissance Capital statistics, the record in that aspect is held by San Francisco-based Visa, which raised approximately $17.9 billion in its IPO.