Share “Facebook plans May 18 initial public offering”

Facebook plans May 18 initial public offering

Facebook will go public on May 18, a published report by The Wall Street Journal says, in one of the most highly anticipated tech initial public offerings since Google went public in August 2004.
Published: May 2, 2012
Advertisement


In brief

Facebook IPO

set for May 18

Facebook will go public on May 18, a published report says, in one of the most highly anticipated tech initial public offerings since Google went public in August 2004.

The Wall Street Journal reported Tuesday that the social networking company is set to start its roadshow on Monday, according to people familiar with the matter.

The roadshow, a series of meetings with prospective institutional investors, is designed to stir interest in the company's stock.

Mark Zuckerberg, the founder and chief executive of Facebook, will attend some of the meetings, The Journal reported.

The Menlo Park, Calif.-based company is seeking to raise about $5 billion in the offering, giving the company a value of about $100 billion.

Facebook officials did not immediately comment.

Associated Press

AROUND THE WEB

  1. 1
    WPX Energy CEO gives U.S. Senate hearing testimony supporting end of crude oil export ban
  2. 2
    I Heart My Hometown: #Postcard Project
  3. 3
    $6 million bill for Obama's Africa trip, $22,759 for copiers, $6,026 for 'basic voice phones'
  4. 4
    Delaware County water district manager accused of embezzling more than $100,000
  5. 5
    State Sen. Rick Brinkley acknowledges criminal investigation in court filing
+ show more