The Facebook IPO is two weeks away and the Wall Street Journal reported that the company will try to set its share price in the $25-35 range, giving the social network a valuation of $85-95 billion.That's well below the $105 billion which had been discussed in recent weeks, but it is above the $77 billion valuation Facebook had been giving itself internally when handing out shares to new employees.

UPDATE: Facebook has officially filed an amended S-1 form with the SEC and is now valuing the company between $60-75 billion, well below both its previous IPO price and its internal valuation. Seems like the company may have really mistimed its IPO.

Recent tech IPOs like Groupon and Pandora have seen big bumps on the first day, sometimes doubling in value. But most have also suffered in the months since going public, falling below their initial strike price. Facebook reported its Q1 financials two weeks ago, and the results showed a significant slowdown in growth and drop in profit. The new, more conservative IPO price range may be a reflection of that slide.