Could Upcoming Facebook IPO Shake Up The Market?

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The target valuation for Facebook is as high as $110 billion.

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Facebook will be making its exciting way to the Nasdaq later this month. Latest reports have it scheduled as May 18 with the price of a single Facebook share estimated to be somewhere between $38 and $40. The target valuation for Facebook is as high as $110 billion.

Several stocks saw huge upward swings on Wednesday including:

Charming Shoppes - closed up over 20%

Ascena Retail Group Inc. - closed up over 10%

Con-way Inc. - closed up over 12%

Papa John's International Inc. - closed up nearly 20%

Protalix BioTherapeutics - closed up over 13%

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