Facebook’s record-setting IPO reportedly set for May 17th

Depending on whether the U.S. Securities and Exchange Commission approves the company’s paperwork, Facebook’s highly anticipated IPO could be coming on May 17th, TechCrunch reported on Thursday, citing multiple unnamed sources. Earlier reports have indicated that the social networking giant was aiming for a May offering and Facebook halted trading on the secondary market late last month. The company filed with the SEC in February, and could raise as much as $10 billion at a $100 billion valuation when it goes public, although TechCrunch’s sources believe it will be less. The largest Internet IPO to date was Google’s 2004 offering, which raised $1.9 billion. Facebook’s shares will reportedly be listed on the NASDAQ exchange under the “FB” ticker symbol.

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