Facebook IPO planned for May 17

Facebook has reportedly planned its IPO for May 17, according to a new report from TechCrunch.

The report comes just days after Facebook completed a $US1 billion acquisition of iOS photo app Instagram.

According to the report, Facebook will go public on May 17 after finalising all its documents with the Securities and Exchange Commission.

This comes after a separate report indicated Facebook would be going public in the third week of May.

The new report indicates Facebook will be valued at around $US100 billion, which reflects the current value attributed to company stock in secondary markets.


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