Facebook IPO coming May 17, sources say
April 19, 2012
CBS (CBS News) Facebook will have Wall Street buzzing when its initial public offering (IPO) hits in May, sources say.
If Facebook's documents are approved by the Securities and Exchange Commission, the social network will likely hit the NASDAQ on May 17, reports TechCrunch. The technology blog cites "multiple sources close to the company."
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Facebook's IPO will reportedly be valued at around $100 billion. It's been speculated that the social network's shares could be priced at anywhere from $30
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