Report: Facebook IPO Set For May 18

Posted May 2, 2012

Facebook has reportedly set their IPO for May 18th. Facebook CEO Mark Zuckerberg, COO Sheryl Sandberg, and CFO David Ebersman will go on a roadshow starting on Monday where the company will host a number of meetings to pitch their stock to investors. The IPO could raise as much as $10 billion for the company and will give them a valuation of about $100 billion. This would be the largest Internet IPO in history. Facebook will trade under the NASDAQ with the symbol “FB.”