Facebook to float on stock market in May

Facebook is to go public on May 17th, The Daily Mail reported, citing multiple sources close to the company.

The world’s biggest social network is expected to seek a $100 billion valuation in its IPO, the most anticipated stock offering from Silicon Valley since Google Inc went public in 2004.

Some sources have reportedly said that Facebook will seek to raise $10 billion from an initial public offering of shares – others said that the social network will seek a smaller sum.

The IPO is dependent on approval by America’s Securities and Exchange Commission.

The flotation will vault Facebook into the ranks of the largest public companies in the world, on par with the likes of McDonald’s, Amazon.com and Visa.  Read more... (2067 words, 9 images)

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