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With many waiting in anticipation for news of Facebook's IPO, The Wall Street Journal has reportedly set the date: 18th May. The publication has reason to believe that the social networking business will begin pitching to investors as of next Monday, and should the company prove successful in gaining interest, will hold its initial public offering later this month.
Although the date hasn't been confirmed, it's been reported that Facebook CEO Mark Zuckerberg along with chief operating officer Sheryl Sandberg and chief financial officer David Ebersman will host a number of meetings where the company will pitch its stock to investors. And despite originally filing on 1st February, Facebook's IPO is expected to raise as much as $10 billion, as well as being valued around a jaw-dropping $100 billion - making it the largest initial public offering ever.
Read more: https://www.itproportal.com/2012/05/02/facebook-ipo-reportedly-set-for-18th-may/#ixzz1tj4QNWHx