Facebook is seeking a valuation of $85 billion to $95 billion when it goes public in a few weeks.

Facebook has set a price range of $28 to $35 for its initial public offering of stock.

At the high end, this could raise as much as $11.8 billion.

That’s much higher than any other Internet IPO in the past, even Google Inc. in 2004.

Facebook plans to trade on the Nasdaq under the symbol “FB.”

The Wall Street Journal, citing unnamed people familiar with the matter, said earlier Thursday that the company plans to set the per-share price of its stock in the high $20s to mid $30s with a valuation of the company as high as $95 billion as a result.

Bloomberg news, meanwhile, reported would seek “as much as $11.8 billion in its initial public offering, the largest on record for an Internet company.”

More than 337 million shares are to be sold at $28 to $35 each, according to a regulatory filing, Bloomberg said.

The AP also confirmed the numbers.

The resulting valuation of the company is at a narrower range than the previously expected $75 billion to $100 billion.

Founder Mark Zuckerberg would own some 57 percent of the company’s shares.

In its filing, Facebook declared:

“Facebook, Inc. is offering 180,000,000 shares of its Class A common stock and the selling stockholders are offering 157,415,352 shares of Class A common stock. We will not receive any proceeds from the sale of shares by the selling stockholders. This is our initial public offering and no public market currently exists for our shares of Class A common stock. We anticipate that the initial public offering price will be between $28.00 and $35.00 per share.

“We have two classes of common stock, Class A common stock and Class B common stock. The rights of the holders of Class A common stock and Class B common stock are identical, except voting and conversion rights. Each share of Class A common stock is entitled to one vote. Each share of Class B common stock is entitled to ten votes and is convertible at any time into one share of Class A common stock.

“The holders of our outstanding shares of Class B common stock will hold approximately 96.3% of the voting power of our outstanding capital stock following this offering, and our founder, Chairman, and CEO, Mark Zuckerberg, will hold or have the ability to control approximately 57.3% of the voting power of our outstanding capital stock following this offering.”

Read the filing here.