Facebook IPO Likely to Come in Late May
NEW YORK - Facebook's IPO, which is expected to be one of the biggest of an Internet company ever, is likely to come in late May, AllThingsD reported.
The hotly anticipated stock market debut is expected to raise $10 billion and value the social networking giant at around $100 billion. The company, led by CEO Mark Zuckerberg, is likely to hit the 1 billion user mark this year, AllThingsD said.
Facebook's revenue was reportedly close to $4 billion in 2011 and is expected to be a third higher this year, it added.
If the company wants to hit the late May target for its IPO, Facebook would have to file the required regulatory documents within the next month as the review by the Securities and Exchange Commission typically takes three to four months, AllThingsD highlighted.
Of course, timing could change. Social gaming giant Zynga, which went public in December, pushed back its IPO amid stock market volatility.