Facebook IPO set for May 18

Facebook is set to go public on May 18, one day later than earlier rumours had claimed, according to a new report from the Wall Street Journal.

The publication claims chief executive Mark Zuckerberg, along with chief operating officer Sheryl Sandberg and chief financial officer David Ebersman will kick off a road show for potential investors.

Earlier reports said the social network would float on May 17.

The WSJ also claims the company could raise as much as $US10 billion, and value the company as much as $US100 billion – in line with previous reports.


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