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Facebook IPO now rumored for May 17

April 19, 2012|By Andrea Chang
  • Facebook CEO Mark Zuckerberg speaks during a media event at Facebook headquarters in Palo Alto, Calif.
Facebook CEO Mark Zuckerberg speaks during a media event at Facebook headquarters… (Justin Sullivan / Getty…)

Another day, another Facebook IPO date.

The latest rumor in the Facebook-going-public frenzy has the social network giant listing its shares on the Nasdaq on May 17. Previous chatter had the company going public during the third week in May, so -- gasp -- the latest prediction is basically just a (narrower) confirmation of that time frame.

TechCrunch, citing "multiple sources close to the company," said May 17 was the most likely date, provided that the Securities and Exchange Commission "agrees that all the reams of paperwork" are in order. The tech blog also noted that "a single source told CNBC at length" that May 24 was also a possibility.

The San Jose Mercury News also weighed in on the matter. According to that newspaper, a person close to the company said that although May 17 falls within the general range that Facebook has been targeting for its debut, "nobody really knows what the date is. It's going to depend on the SEC."


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