Facebook Planning May IPO: Report
The social networking giant is targeting May for its initial public offering, according to The Wall Street Journal, citing a source close to the matter.
Facebook has not yet set the IPO date, but could raise as much as $10 billion in the offering. According to the company's S-1 filing, which it has amended several times, it has 845 million users, generating $3.71 billion in revenue in 2011.
Facebook could not be immediately reached for comment.
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--Written by Chris Ciaccia in New York
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